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The encryption analyst has sparked Sardafagon Ethereum price The Bitcoin 2018 course reflects to 2021, which indicated that the upscale ETH. This development comes amid a standard sale between ETH investors, which continues to exert hydration on encryption.
Ethereum can reflect Bitcoin 2018-2021 course
in Tradingvief PostThe Cryptagon stated that Ethereum has repeated the Bitcoin 2018 course to 2021 closely. He pointed out that the long -term ETH holders may be optimistic only by looking at this BTC courseThe ETH vision can achieve a similar final result as the pioneer in that course.
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The analyst admitted that ETHEREUM has suffered severe pressure since early December last year and has not been supported for about 12 months this week. However, despite this development, the paralyks suggested that this is not the time to fulfill the ETH, because it can still reach new levels because it reflects Bitcoin 2021 course.
He pointed out that in the 2021 cycle, a decrease in subsidy caused a decrease in a huge outbreak above the falling resistance and the price of bitcoin gathered to the extension of 1.618 Vibonacci. Watching with this, the encrypted Ethereum can reach at least 8000 dollars in this market cycle because it repeats a similar price.
These bullish expectations of ETHEREUM come amid a record sale, threatening any upward reflection of ETH. In X Publishing, Founder Cryptoquant Ki Young Joe It revealed that Ethereum has faced active activity records over the past three months.
This has contributed to the weak performance of ETH, as Altcoin outperforms the performance by other major altcoins such as XRP and Solana during this period. While XRP touched its current height at all (ATH) and hitting the new Sol ATH, ETH has not yet approached the current ATH.
The most important price level for ETH is currently
In X Publishing, The encryption analyst Ali Martinez, It revealed that $ 1,887 is the most important level of support for Ethereum at the present time. At this level, investors bought 1.63 million eth. The decline without this level may lead to another huge collapse of the second largest encryption by the maximum market, as many of these investors may sell their coins to reduce their losses.
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Martinez has already sparked ETHEREUM to $ 800. He indicated that Price level $ 4000 He was carrying a strong horizontal resistance trend. However, ETH recently erupted from this trend line, which has increased significantly from the probability of a 70 % decrease to this goal of $ 800.
At the time of this report, the ETHEREUM price is traded by about $ 1893, an increase of more than 1 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
