Ethereum (ETH) $3,195.6As it approaches $ 3,300, the well -known crypto currency analyst Credible says that it is at a significant turning point. Analyst says ETH is a local bottom and may be stuck at these levels before rising. ETH’s protection of this level is critical. Otherwise, the price may fall below $ 2,800.
Ethereum’s support level plays a critical role
According to Analyst Credible, Ethereum’s support for $ 3,000 should be maintained. If this level is lost, ETH may fall below $ 2,800. However, this region is seen as a strong field of demand. ETH’s movement here can determine its future aspect.
Analyst estimates that Ethereum can jump from the current bottom level and increase over $ 4,000. Considering the current price movements, investors should be careful. If ETH can hold at the level of $ 3,000, the probability of a fracture will increase.
Ethereum’s stuck at existing levels can create an opportunity for large investors to purchase. In the long run, ETH can enter the rise trend by maintaining support levels. However, the general trend in the market and Bitcoin 
$102,950.2‘s movements can directly affect this process.
Bitcoin correction and rise potential
Credible does not see Bitcoin’s current correction as a negative situation. On the contrary, he thinks that this movement will trigger a great rise in the future. The fact that Bitcoin is consolidated at the current levels does not pose a risk for traders. According to the analyst, the current process offers significant opportunities for long -term investors.
Stating that Bitcoin may rise in the short term, Credible says that there is another decline. Following this withdrawal, BTC is expected to make a parabolic movement to reach $ 150,000. Bitcoin’s current position gives significant signals for investors.
Bitcoin’s movements can determine the direction of Ethereum and other crypto currencies. The critical levels of ETH and BTC may increase volatility in the markets. For this reason, investors should closely follow the levels of support and resistance. ETH’s preservation of $ 3,000 support can open the door of a new rise. Bitcoin’s current correction offers an opportunity for a big rise in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
