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Saylor: Sell Your Kidney But Keep Your Bitcoin
Alex Dovbnya
Panic-selling would probably follow a $2,000 breach, pushing ETH down toward lower support levels of $1,900 or even $1,750. A move like that would worsen the ecosystem’s current problems by increasing capital flight from Ethereum-based projects.
Ethereum could regain $2,200 and even move toward $2,500 in an effort to make up lost ground if it can hold above $2,000 and perform a bounce. If ETH falls below $2,000, it would lead to a series of liquidations that would push it down to $1,900, and possibly to $1,750, if selling pressure increases.
Ethereum is at a turning point. A short-term recovery might be possible if bulls can defend $2,000. The market decline and additional withdrawals from the already troubled ecosystem could worsen ETH’s situation if this crucial level is lost.
#Ethereum #Bitcoin #XRP
