Bitcoin(BTC), which reached a critical level with the decline Ethereum (ETH) destroyed altcoins.

HalvingBitcoin, which is getting closer to $71,500 step by step, has struck fear into the cryptocurrency market with its recent decline. After trying $71,500 three times, the leader of cryptocurrencies, which saw a massive sell-off, fell to $66,000 in a short time. Due to this decline, it sagged to $ 3350. Ethereum (ETH)caused sharp declines in altcoins.

So, will the decline in altcoins continue? What are the critical levels to watch for ETH?

Altcoins are watching Ethereum!

Altcoins experiencing a decline of close to 10 percent, Ethereumis focused on ETH. ETH, which slid towards the minor support level, caused panic in altcoins. ETH, which is currently trading at $3350, may take the flag in case of spot ETF agenda, BTC rebound or BTC dominance declines. In such a scenario, it could make a move towards $3454 – $3640 and $39434 respectively.

Failure of the BTC halving to have a positive impact on the sector, ETH staying below $ 3294 or BTC dominance increasing will continue to hit Ethereum. In such a scenario, declines to $ 3294 – 3000 – 2750 and 2545 can be observed respectively. ETH’s oscillation towards these levels would directly jeopardize altcoins. Cryptocurrency investors should be more cautious, especially during this period.