Ethereum (ETH) does not seem to be able to draw the expected uptrend despite the huge increases experienced today. Dogecoin’s 1000% increase with the WallStreetBets effect and Bitcoin’s (BTC) surge above $ 38,000 long after Elon Musk’s move also affected altcoins, but the expected rise in ETH has not yet come.
Ethereum saw over $ 1,400 again today. However, investors are expecting a rally in ETH that will reach at least $ 2,000. While the Bitcoin price has increased by more than 20%, this rate is only 10% in ETH, indicating that the bulls and bears are still struggling for the ETH price.
Key Levels in Ethereum
The rise in Ethereum, which started at $ 1,300 today, has pushed the price above $ 1,400. The $ 1,400 level currently holds the potential to be an important threshold for ETH, according to analysts.
However, there is intense selling pressure at the $ 1,420 level, but this selling pressure seems to be balanced by the buying pressure in the $ 1,410 band. If the $ 1,420 threshold is broken, an upward trend is expected to begin towards the current record level of $ 1,476.
But ETHIf the significant $ 1,400 level is lost in, and this level fails to prove itself as a support, a new bearish chart may begin and the price may drop to $ 1,200 levels.
In addition to these, the passing of $ 1,500 and EthereumIt is thought that getting the bulls under control could bring in $ 2,000.