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Weekly Closing Expected on Ethereum (ETH)! Here are the Critical Levels..
Hours left until the weekly close on Ethereum.
Ethereum (ETH), the leading altcoin of the crypto money industry, is trading at $ 1,860 at the time of writing. Ethereum is down 4% as of this week. This drop of ETH has badly affected all altcoins.
In the week when the leading cryptocurrency Bitcoin fell by 1 percent, Ethereum's depreciation by 4 times caused the possible mini altcoin rally in the crypto market to be postponed again.
As of this evening, weekly closings will occur in the crypto market. Although volatile movements are expected before the weekly closing under normal conditions, it does not seem likely to experience harsh movements before the closing tonight.
Before the weekly close as of tonight, investors will focus on the $1,720 and $2,020 levels. Breaking one of these 2 levels will bring hard movements next week.
When we look at the latest situation of Ethereum, it is seen that it is in the middle of these 2 critical levels. No upside or downside breakout is expected before the weekly close in ETH.
A possible break of $ 2 thousand will enable Ethereum to target the major resistance at $ 3,500, while a break of $ 1,720 will bring a decrease to $ 1,500.
ETH, which should gain much more value in Bitcoin's rises, could not make the expected leap due to BTC dominance. As Ethereum exceeds $2,000 and BTC dominance declines, it could start a mini bull in altcoins.
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