Carl Runefelt warns of potential Ethereum downturn
@TheMoonCarl: Potential Ethereum downturn
Carl Runefelt, a notable figure in the cryptocurrency sector, highlighted a critical juncture for Ethereum.
Runefelt emphasized in his latest tweet that Ethereum is at a pivotal 'break point' with its ascending support levels potentially at risk. If this support breaks, he warns that Ethereum ('ETH') might experience a decline to approximately $2,200. However, he also elaborated that if the support holds, the structure of the ascending triangle would remain intact, supporting a bullish outlook.
This development comes amid heightened volatility in the cryptocurrency market, where technical analysis and support levels are closely monitored by traders and investors alike.
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In the previous news, tweet author Carl Runefelt discussed BlackRock's increasing Bitcoin investments.
