ETH. 12h. Will ETH be able to test $425 before the fall to $251
Updated
Bitcoin has been pulling the blanket of dominance over itself well for the last week. In general, it was badly reflected on altcoins, they fell or fell very much in price. But not ETH.
ETH is confidently kept above the level $360, which gives hope for another wave of growth.
DeFi projects, which over the previous week were able to renew the historical high of locked funds(now $9.76 billion), have a great influence on Ethereum.
While transactions in the DeFi space are directly dependent on Ethereum, it has good support in incomprehensible market situations.
If Ethereum price can be raised and fixed above $388, then further growth will accelerate to $425. We expect the fall from this mark.
Also, if the Ethereum price does not rise above $388 or is now fixed below $360, then the fall will accelerate.
To summarize:
Locally, Ether is kept and the chances for growth to $425 are quite real;
Globally, however, Ether cannot avoid the fall to $251.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ETH is confidently kept above the level $360, which gives hope for another wave of growth.
DeFi projects, which over the previous week were able to renew the historical high of locked funds(now $9.76 billion), have a great influence on Ethereum.
While transactions in the DeFi space are directly dependent on Ethereum, it has good support in incomprehensible market situations.
If Ethereum price can be raised and fixed above $388, then further growth will accelerate to $425. We expect the fall from this mark.
Also, if the Ethereum price does not rise above $388 or is now fixed below $360, then the fall will accelerate.
To summarize:
Locally, Ether is kept and the chances for growth to $425 are quite real;
Globally, however, Ether cannot avoid the fall to $251.
________________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
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