Altcoin investors be alert: Critical hours in ETH!

Ethereum (ETH), which is in a critical price range, will determine the fate of altcoins in a short time.

The admiral of the altcoins, which came to the fore with the news about the Spot ETH ETF agenda, confused people from a technical perspective. Ethereum (ETH), which has been floating in a short price range for a few days, has not yet fully allowed the rise of altcoins. So how can the bullish scenario in ETH begin? What levels should we consider in ETH for the altcoin rally?

Spot ETFs will be decisive for Ethereum (ETH)!

Bitcoin halving has taken over the cryptocurrency agenda. Less than 20 days are left until the halving, which has been eagerly awaited for weeks. halving, in which BTC rewards will be halved, pushed ETH to the background as an agenda item. However, upon completion of the halving, the arrows will point to ETH. Increasingly moving decisions on spot ETH ETFs will increase demand for both Ethereum and altcoins. Positive news that may come from this side will directly pull the price flow upwards.

Ethereum (ETH), which changed hands at $ 3528 as of the writing of the news, may start its bull run with the developments in the Spot ETF and exceeding $ 3640. In such a scenario, the levels of 3970 – 4373 and 4800 dollars, respectively, can be followed as resistance zones. A volume breakout of $4800 would be a harbinger of altcoin bullishness.

Factors such as negative news from spot ETFs or BTC continuing its dominance may pull ETH to $ 3294 - 3000 and $ 2720, respectively. In short, the altcoin rally that crypto investors are eagerly awaiting will take shape in the hands of Ethereum.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

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