Ethereum and Altcoin Investors Attention: The Price Could Pull Back to Here! - Coin Bulletin

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The price of Ethereum (ETH) is struggling to break through a critical resistance level after a rapid rise, while analysts are warning investors about a potential short-term correction.

In recent days, while the cryptocurrency markets are experiencing turbulent times, the leading cryptocurrency Bitcoin (BTC) and Ethereum appear to be stuck at critical levels after strong rallies. According to FxPro analyst Alex Kuptsikevich, Bitcoin has been fluctuating around the 104 thousand dollar level for the past six days, and this situation is considered quite normal as it approaches the historical peaks seen in December and January.

On the Ethereum side, the table looks a bit more cautious. In the last seven days, Ethereum has made a rapid rise, gaining approximately 55% in value, but it has failed to surpass the $2,700 level. Especially since this level coincides with the 200-day moving average, it has created significant resistance for the ETH price. Kuptsikevich noted that the price could experience a correction from current levels and could pull back to the $2,400 level.

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This potential correction of Ethereum may also affect other altcoins that move in tandem with Ethereum in the market. Analysts believe that these types of corrections that follow rapid increases are necessary for the market to continue rising healthily.

Investors should be cautious as these corrections can trigger panic selling and increase short-term volatility. Experts remind us of the importance of risk management during such times and emphasize that new investors entering the market should proceed with caution.