Recognized analyst Donalt, who predicted Bitcoin’s decline in November 2022, drew attention to the weakened technical structure in Ethereum in his new analysis. In the light of current market data, significant support levels for both Ethereum and Bitcoin were emphasized.
$ 2,000 threshold in Ethereum
Donalt, Ethereum’un weekly graphics by looking at the technical appearance of a very fragmented structure, he said. According to him, for a positive scenario, the level of $ 2,000 must be a strong support again.
According to the analyst, this level may be the beginning of a long -awaited transformation in the market. However, the current price movements show that Ethereum is difficult to overcome this threshold. Recent decreases suggest that an aggressive sales pressure in the short term is dominant.
Donalt, “ETH graph has been broken from many pieces. Returning the level of $ 2,000 may be a positive signal,” he said that investors should take this level, especially on the radar, he said.
Bitcoin’s $ 90,000 exam
On the Bitcoin side, Donalt said that the protection of $ 90,000 in the weekly graph is a very positive signal for the market. This level has the potential to turn from a significant resistance both psychological and technical.
However, the analyst emphasized that a closing closing below $ 89,000 should be carefully monitored. Such a scenario may trigger a possible correction by affecting investor psychology. Therefore, it is vital to follow BTC price movements on a weekly closing basis.
Donalt also pointed out two important support levels in Ethereum’s daily graph: $ 1,670 and $ 1,540. He warned that the market may be further deteriorated if these levels are lowered.
According to market data, Ethereum traded at approximately $ 1,764 and has a decrease of 2.2 percent in the last 24 hours. This decline requires investors to be more cautious in their short -term plans.
Bitcoin is around 93,500 dollars. Although there is no major mobility on a daily basis, the support levels pursued in technical analysis continue to play a decisive role in terms of investor strategies.
According to Donalt, the preservation of support levels determined for both Ethereum and Bitcoin may be decisive in determining the direction of market trends. Analyst said that these points should be followed 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.
