Ethereum ETH Fails to Meet Crypto Traders’ Expectations: What’s the Plan to Find Altcoin

🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you

#Ton_Coin_Surge #Ton_Coin_Surge #US_Job_Market_Slowdown

Winners?

The crypto market is facing heavy bullish resistance despite being on the verge of a new altcoin season. Top gainers like Ethereum (ETH) have crashed significantly, causing migration to more secure assets.

As investors begin opting for profitable small-cap projects, RCO Finance (RCOF) emerges as a popular option, its momentum rocketing against the market downturn. 

Let’s explore the market indicators pushing RCO Finance towards a 30x public sale valuation.

Ethereum (ETH) Plunges Further Downward

Ethereum has struggled to contrast the broader market trend, trading 20.32% lower over the past month. Despite the excitement of the potential Ethereum ETFs slated for mid-July 2024 and the recent Dencun upgrades, Ethereum’s trading volume has also declined significantly.

This decline has caused investors to worry about the short-term structure of the second-largest crypto. Ethereum’s price has historically tended to mirror Bitcoin’s price movements, so when Bitcoin experiences downturns, Ethereum often follows suit.

If Ethereum can maintain its price above the critical support level of $3,020, the bulls may regain control and prepare to test the $3,400 resistance level in the coming days. Conversely, if the bears maintain their grip on the market, Ethereum could plummet toward a low of $2,625 in the weeks ahead.