Ethereum?

Martinez pointed out that Ethereum approached the descending trend line observed within a 12-hour time frame. Typically, this pattern indicates an upward trend; however, breaking below this line could lead to a decline. Stable support may pave the way for price increases, with this support around the $2500 level.
Ali Martinez said:"If the Ethereum price stays above $2500, it could rise to $4000 or $6000".
How does Avalanche compare?
Using a similar analytical lens, Martinez assessed Avalanche and noted that a breakout below the descending trendline inside the symmetrical triangle could lead to a 22% price drop. This highlights the potential volatility of the two cryptocurrencies in the current market scenario.
It is necessary to closely monitor the technical support and resistance levels of Ethereum and Avalanche. Significant trading volume and active market conditions indicate the possibility of severe price fluctuations, prompting market participants to act cautiously.
- If Ethereum fails to hold key support, it could face a 39% downside risk.
- Supporting at around $2500 may lead to a significant price increase.
If the main trend line is broken, the iceberg collapse may drop by about 22%.
Technology reviews and ratings provide important insights for navigating the unpredictable world of cryptocurrencies. Investors are advised to remain vigilant and prepare for potential market changes.