If ethereum's weekly close falls below $1,850, a further accelerated decline may occur.
According to BlockBeats, on May 29, analyst Alicharts stated that if Ethereum’s weekly closing price falls below $1,850, a faster downside move will become highly likely. Through technical analysis, Alicharts believes Ethereum’s downside support levels are as follows:
• First target: around $1,560 (mid-term structural support);
• Second target: near $1,070, which marks the lower boundary of a multi-year range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cyber defense technology company RedLattice plans to merge and go public with SPAC Bold Eagle (BEAG.US), with a valuation of $1.25 billion.
RedLattice, a network defense technology company backed by private equity firms, will go public through a merger with the special purpose acquisition company (SPAC) Bold Eagle Acquisition Corp.
Ondas unit Cyberhawk wins three-year drone inspection deal with SSE networks
Crypto prices
More
