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Ethereum Could Plummet to Lower-$100 Level if Bulls Fail to Hold Key Support Level

www.newsbtc.com

Ethereum has been closely tracking Bitcoin’s price action in recent times, which has proven to be largely bearish. Mayne, a popular cryptocurrency analyst on Twitter, explained in a tweet from yesterday evening that he anticipated both Bitcoin and Ethereum to soon see some relief, although the market’s lackluster price action this morning may have invalidated this possibility.

Galaxy, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that ETH is currently trading within a bearish pennant that could spell significant trouble for the cryptocurrency’s near-term price action. It is highly probable that Bitcoin’s near-term price action will play a large role in any major movements seen amongst major altcoins like Ethereum, and a break below $7,000 could confirm Galaxy’s bearish ETH prediction.

Read in Full: www.newsbtc.com
Bitcoin BTC
$ 70396.12
Bitcoin ETH
$ 3573.63

Timeline of Bitcoin, Ethereum

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Bitcoin Bitcoin
70451.5000 0.19%
Ethereum Ethereum
3571.74000 0.10%
BNB BNB
609.057000 3.58%
Solana Solana
186.493000 -0.08%
XRP XRP
0.61829300 -0.29%