The largest subcoin Ethereum (ETH) $2,707.65has recently reached an important threshold and is going through a decisive period for future price movements. According to analysts, the decline may be inevitable if the ETH price cannot hold on current levels. Investors and market participants are carefully monitoring while the price is approaching this critical threshold.
Ethereum Price Analysis
Ethereum on four -hour price chart rising triangle formation It is under the influence of the fall trend. Considering the current price movements, if there is a closing below 2 thousand 680 dollars, the possibility of a decrease to 2 thousand 560 dollars may come to the table.
In addition, Ethereum’s daily price graph is traded below the 200 -day exponential moving average. This indicates that the largest Altcoin can continue to watch in the medium term.
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But the biggest altcoin‘s 2 thousand 730 dollars over the bull market can re -activate. Exceeding this level can allow the price to move up in the coming days.
The risk of liquidation worries investors
Ethereum priceThe possibility of a decrease in the fall poses a major risk especially for leveraged investors. According to the data, there is a Long position worth $ 72 million at a level of 2 thousand 657 dollars. If the price falls below this level, all these positions can be liquidated and deleted from the market.
In addition, 2 thousand 730 dollars at the level of 275 million dollars of Long position. ETH price If it cannot reach this level and decreases, a large wave of liquidation may cause investors to harm.
For this reason, investors are advised to follow the leverage rates and the volatility in the market carefully.
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.
