Ethereum

Bitcoin

when

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-faces-critical-price-levels-according-to-analyst/" data-wpel-link="internal">Ethereum Faces Critical Price Levels According to Analyst</a><br></p>
<p style="text-align: justify">In the world of cryptocurrency, <a href="https://coin-turk.com/shibi-unutun-gizemli-meme-coin-piyasaya-meydan-okuyor" data-wpel-link="internal">altcoins</a> like <strong><a href="https://en.coin-turk.com/significant-ethereum-transactions-by-long-term-investors/" data-wpel-link="internal">Ethereum</a></strong> (<a href="https://en.coin-turk.com/decisive-moments-for-crypto-etfs-following-feds-interest-rate-decision/" data-wpel-link="internal">ETH</a>) have been drawing attention recently. Many investors and analysts cannot agree on the future of this popular digital asset. However, a significant crypto analyst, Rekt Capital, warns that Ethereum is at a critical level and a drop below this level could be triggered.</p> 
<h2 style="text-align: justify" id="analyst-points-to-potential-drop-below-3-000-for-ethereum">Analyst Points to Potential Drop Below $3,000 for Ethereum</h2> 
<p style="text-align: justify">Rekt Capital, in his latest altcoin newsletter, considers the possibility that Ethereum could fall below $3,000 based on historical data. In particular, Ethereum’s failure to surpass the resistance level of $3,956 is causing concern for the analyst. Accordingly, the analyst points to past instances where Ethereum has experienced declines in similar situations.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-332341 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/rekt-capital-coin-turk-com-1-1.webp" alt="" width="1837" height="1242"></p> 
<p style="text-align: justify">The critical level highlighted by the analyst is around $3,342. If Ethereum fails to maintain this level, it could fall to as low as $2,700. However, if a strong support is established around $3,342, Ethereum could gain positive momentum in its next moves.</p> 
<h2 style="text-align: justify" id="could-ethereum-s-declines-indicate-upcoming-rises">Could Ethereum’s Declines Indicate Upcoming Rises?</h2> 
<p style="text-align: justify">One of the interesting situations mentioned by the analyst is that a drop towards $2,000 for <strong>ETH</strong> could be beneficial for the cryptocurrency’s future. The analyst suggests that if the altcoin ETH drops to around $2,000, Ethereum will continue its long-term upward trend. According to him, if ETH reclaims a certain support level, a rise to the $4,000 levels could become inevitable. Even if this does not happen, it would not be incorrect to say that the long-term uptrend will continue.</p> 
<p style="text-align: justify">So, what is the current situation of the cryptocurrency Ethereum? It is trading at $3,340, down more than 4% in the last 24 hours. However, this situation could be seen as part of the uptrend when viewed from a long-term perspective.</p> 
<p style="text-align: justify">At this point, based on the analyst’s views, the short-term fluctuations of Ethereum, the leader of altcoins, could present significant opportunities for long-term investors. It is also worth noting that the price movement of <a href="https://coin-turk.com/rahat-nefes-aldilar-en-buyuk-kripto-sirketin-can-suyu" data-wpel-link="internal">Bitcoin</a> will be decisive here.</p> 
<p style="text-align: justify">Ethereum occasionally exhibits movements contrary to those of <a href="https://coin-turk.com/milyonluk-kripto-para-analistinden-guncel-bitcoin-btc-uyarisi" data-wpel-link="internal">BTC</a>, the flagship of cryptocurrencies. The next phase of movement for the altcoin ETH may not turn out as the analyst says because historical movements are not always a benchmark. The cryptocurrency Ethereum was trading at $3,406 at the time this article was written.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-faces-critical-price-levels-according-to-analyst/" data-wpel-link="internal">Ethereum Faces Critical Price Levels According to Analyst</a></h5>

Ethereum Faces Critical Price Levels According to Analyst

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