Summary
- An analyst said that recovering the 3700 dollars level is important for Ethereum (ETH) to break above 4000 dollars again.
- It said Ethereum is supported at the 3400 dollars level and is falling after failing to recover 3700 dollars.
- A forecast suggested that if Ethereum surpasses 3700 dollars, it could challenge 4000~4100 dollars.
As the leading altcoin Ethereum (ETH) continues to trade sideways, an analysis said that recovering the 3700 dollars level is important for Ethereum to break above 4000 dollars again.
On the 11th (Korean time), well-known crypto analyst Ted Pillows said on X (formerly Twitter), "Ethereum is falling after failing to recover 3700 dollars. The current support is 3400 dollars," and "If Ethereum can recover the 3700 dollars level, it could challenge 4000~4100 dollars," he predicted.
As of 9:03 p.m. that day, Ethereum was trading at 3575 dollars, down 0.85% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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