Cryptocurrency News - It is quite clear that Ethereum has presented a worse outlook than Bitcoin on daily time frames. We have been continuously losing value since falling below the multi-year support trend line formed since the middle of 2022. When it comes to Ethereum, the $2,100 level is of great significance at the moment. If we are rejected from this range, we will start talking about much lower levels. To determine the next move in Ethereum, you need to closely monitor the $2,100 level.
Michael Van de Poppe defines this range as an ideal entry point. Poppe said in his latest post on the X platform that all liquidity at $2,100 has been taken. Since assets tend to shift to liquidity gaps, we can interpret this as quite good news.
“Fill the fuse policy. The fuse in ETH has been filled. Literally, all the liquidity has been taken. We need to watch what will happen here, but Ethereum at $2,100 is not a bad deal in terms of investment.”
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