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The cryptocurrency industry is still under severe pressure amid the recent bankruptcy of the FTX exchange. It is noteworthy that even in such difficult conditions, the main altcoin demonstrates a stable local bullish trend. Against this background, many experts are trying to identify the critical levels that will allow Ethereum to consolidate its success.
Cryptocurrency analyst Mikael Van de Poppe opined that Ethereum faced significant resistance within the $1200-1250 area. In the event that the main altcoin consolidates above this zone, it will most likely go to a retest of $1336. Under favorable conditions, it will be possible to count on further growth up to $1547. At the same time, the expert emphasized that now it is extremely important for Ethereum to stay above $1150 in order to implement the voiced scenario.
Meanwhile, large investors have stepped up in the Ethereum ecosystem, with 100,000 to 100,000 ETH coins on their balance sheets. Experts note that against the backdrop of Ethereum’s drawdown, crypto whales began to accumulate assets, which could spur quotes to sustainable growth.
Social metrics indicate that the cryptocurrency community is optimistic about the main altcoin. Investors suggest that by the end of 2022, Ethereum quotes will trade near the $1,465 mark. As of November 24 at 19:00, Ethereum quotes are held at $1201. The total capitalization of the cryptocurrency is estimated at $147.09 million.
Earlier, the editors of Crypto.ru informed: experts shared their opinion on whether investors will be able to at least partially compensate for losses amid the collapse of FTX. Ernest Raevsky, a representative of GetMiner, expressed the opinion that there were no precedents of this kind in the cryptocurrency market. According to the expert, affected users need to file class action lawsuits. And the more such claims will be, the higher the chances of at least a partial refund.
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