What's happening with Ethereum?
Ethereum (ETH) touched $1,770 and pulled back, can it pave the way for altcoin gains?
ETH made a rising trend structure from the $1,620 level and managed to reach $1,770. However, a slight pullback in BTC and selling pressure on ETH brought the price down to $1,736. To sustain the continued rise in altcoins, critical levels to watch in ETH are $1,777, $1,844, $1,915, and $2,020.
In the event of a negative turn in fundamental analysis, key levels where buyers may come into play for ETH are $1,620, $1,588, and $1,532. If the price movement at $1,532 fails to generate upward momentum, the selling wave for altcoins could intensify.
Please note that cryptocurrency markets are highly volatile, and price predictions carry uncertainties.
