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Ethereum (ETH) created panic by testing support!
The rapid price action in Bitcoin (BTC) shook Ethereum (ETH), touching $1842, causing concern in the market.
The activity in cryptocurrencies continues from where it left off. BTC, which does not stay below $ 30,000 and cannot sustain above $ 31,500, somehow manages to shake the market. Exhibiting rapid price movements in the short region, BTC brought ETH to a significant level. ETH, which touched $ 1850, seems to have received an upward reaction for now. What is the chart for ETH, which is a critical element for the course of the altcoin market?
The leader of altcoins, which turned its route up after it came to the support area of $ 1850, is currently trading at $ 1888. ETH, which is priced positively after coming to the decision zone, can target 1919 - 2020 - 2056 and 2128 dollars, respectively, if it can maintain its momentum. In this process, BTC's price movements and news flow in the market can take a critical place.
BTC losing $30,000 or FUD news about the industry may pull ETH down. In such a scenario, the support points to watch for the altcoins pioneer are 1842 – 1777 – 1716 and 1633 dollars, respectively. The failure of $ 1633 may increase the selling pressure in ETH and bring a decrease to the $ 1500 levels.
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