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The chaos environment benefited Ethereum: It gave Bitcoin a tour!
In the crypto market, which has heated up with the hacking of the official X account belonging to the SEC**, the sharp standoff of Ethereum (ETH) has gained appreciation.
The ETF issue, which the crypto industry has been stuck with for weeks, has turned into a scandal with the hacking of the official X account belonging to the SEC. At first, the post that the spot BTC ETF application was approved moved the market up, but then the warning text issued by SEC Chairman Gary Gensler created a war environment. In this war environment, the profitable output of Ethereum made the altcoin investor smile.
Which levels are important to follow for Ethereum, which experienced a 9.63% increase against Bitcoin overnight?
The pioneer of altcoins, which managed to throw itself to the upper levels by taking advantage of the chaos, got closer to $ 2400. For the short-to-medium-term price structure, the deciding ETH can test $2494 – $2551 and $2601, respectively, as long as it settles above $2407. In particular, the buyer-seller struggle in the red box will have a direct say in the course of altcoins. The altcoin season, which has been expected for months, can really take effect with the necessary conditions.
Ethereum, which is currently priced at $2378, may want to test the lower levels if Bitcoin takes the lead, the fud news continues, or it falls below the red box. In such a scenario, we can first trace pullbacks to $2300 – 2203 – 2126 – 2056 – 1919 and $1836. Any process below $2126 will carry a great risk for altcoins.