Ethereum, which is speculated to be more stable and less volatile, is currently swinging within important regions. The price despite multiple drops has stood at these levels strongly, but eventually, the bottoms are expected to test once again before reckoning a significant bull run. However, it is still unclear whether the peaks will be tested or not, but the ETH fiyatı appears to be primed to register new highs in 2022.
The second-largest crypto recently broke down from the trend line that it followed ever since the beginning of the 2021 bull run. Moreover, the recent LUNA-UST crisis also fuelled the plunge which compelled the price to hit the lower support below $1900. No doubt, the price flipped from the lower support but maintains a close consolidation along with these levels.
However, it is expected that the bottoms are to be tested again before the actual take-off!
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Source: https://coinpedia.org/price-analysis/ethereum-testing-major-support-levels-what-may-be-the-fate-of-eth-price-in-the-next-24-hours/