ETH had seen a difficult weekend so far, unable to move far from the important assistance at $2.5 K. The total crypto market sentiment is a little bearish after Bitcoin got dramatically declined below $40K.
Secret Support levels: $2,560, $2,330
Secret Resistance levels: $2,800, $3,000
Because ETH got rejected at the $3,000 resistance level, the rate rapidly dropped towards the crucial assistance at $2.5 K. The latter was the day-to-day low in the past three days – – Friday, Saturday, and Sunday.
So far the crucial support level held well and purchasers handled to step in and prevent an additional drop. Nevertheless, in case of a breakdown, we can anticipate ETH to quickly reach the next major support at $2.3 K, which is February’s low.