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The cryptocurrency market reacted quickly after the drop following Bitcoin’s ATH. Last day, Bitcoin reached an all-time high of $69,000, but then fell to $59,000. In addition to Bitcoin, which is currently hovering at $ 67,000, all eyes turned to what Ethereum will do. Ethereum price fell to $3200 with the decline, but managed to gain the $3800 level.
ETH Price Analysis:
According to CoinMarketCap’s data Ethereum price has rose over 8% and currently trading at $3600. In last 7 days Ethereum has risen 16% and countinued to rise even more today.
Looking at current levels, we see that the next resistance in Ethereum is at $4000. However, if Ethereum manages to exceed these levels, the next target is at $4200. Ethereum’s support zone seems to be at $3600.
Bitcoin’s downfall to $59.000 was scary for cryptomarket but Bitcoin and all other big cryptocoins has managed to gaing back their resistances. After nearly 3 years of bear market, gaining back the price leves was relief for investors.
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