Bitcoin (BTC) The dangerous process continues in altcoins, which continue their downward trend despite remaining in place.

After failing to exceed $71,5000, it eased to the $66,000 band. Bitcoin, devastated altcoins. Cryptocurrencies, which lost blood rapidly, came to the support level one by one. BTC halving15 days on average, increased volatility and confused people. In addition to these BTC increasing dominance has further suppressed altcoins. Which factors are important to follow for altcoins that have been moving downward for days?

Things are not going well on Ethereum: Cryptocurrencies on edge!

Declining with BTC’s depreciation and increasing dominance Ethereum (ETH) frustrated crypto investors. The pioneer of altcoins, which cannot exceed $ 3640, is receiving a reaction at $ 3294 for now. However, if the buyers at this level are insufficient, a new downward process may begin for cryptocurrencies.

In such a scenario, the levels that may serve as support would be $3000 – $2650 and $2534 respectively. In this process, $3000, which is a critical level in technical and psychological terms, may be decisive in the price structure.

Factors such as the positive course of the Spot ETH ETF agenda, BTC sitting above $ 70,000 or the decline of BTC dominance will be like a medicine for cryptocurrencies. In such a scenario, a move to $ 3640 – 3934 and $ 4200 for ETH can be followed respectively. Every period above $4000 will strengthen the bull run for cryptocurrencies.