ETH faces the “moment of truth” after it crashes about 3000 dollars

MAX encryption analyst It was revealed that the price of ETHEREUM is at a critical intersection, which can determine its path to move forward. The analyst noted that ETH faces the “moment of truth” and explained that encryption can enter a declining stage if it does not complete a specific pattern.

ETHEREUM price faces the moment of the truth after ETH is broken about 3000 dollars

in X postMax stated that the price of ETHEREUM faces the moment of the truth here after ETH collapsed to about 3000 dollars. The encryption analyst added that if ETH does not complete its famous style “Ultra-SCARY 3 DERIVE at its lowest level” before it is miraculously saved, it has ended for a period of time, indicating that the encryption may suffer More downward trend.

Related reading

Max also explained that there is nothing but the air under the ETHEREUM price structure, which was highlighted in its scheme. The accompanying plan showed that the following important support level for ETH under $ 3000 was at $ 2,400, indicating that encryption could decrease to this level if lost Psychological level $ 3000 As support.

Then the encryption analyst mentioned the worst case that can occur before the ETHEREUM price is giving up. Bitcoin decreased To less than $ 95,000. In such a scenario, Max note that ETH will need an immediate reaction, perhaps because of the declining emotions that can arouse between investors.

However, the analyst looks forward to being optimistic about the price of ETHEREUM in the meantime, which led to confirmation that he has no intention to sell his local holdings. The encryption whales are also looking to be optimistic about ETH despite the poor performance, as it was actively accumulating last week. Bitumen mentioned this Large transactions for ethereum It increased by more than 200 % in 24 hours, indicating a trend of accumulation of these whales.

How can ETH price be played

In the X Publishing, WOLF, the encryption analyst, how to run this year’s PRICE ETHEREUM movement with the claim that ETH is currently suppressed so that big players can. According to the analyst, ETH can erupt to Psychological price level $ 4000 By the end of February.

Related reading

After that, the wolf expects that Ethereum price You will enjoy an emerging march because it raises 4000 dollars to $ 5,000 in days. He added that the second largest encryption in the market could reach $ 6,500 by early April. Once you are completed, the analyst expects Ethereum to test two to three weeks of price correction before paying between 9,500 dollars and $ 10,000.

At the time of this report, the ETHEREUM price is traded about 3100 dollars, a decrease of about 2 % in the past 24 hours, according to Data From Coinmarketcap.

Distinctive image from Unsplash, Chart from TradingView.com