Who Will Win ETH? ›CoinTürk

ETH rally expectations are increasing.

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 Price

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.

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