Weekly Close Could Determine Whether Ethereum Will Cost $1,000
The post Weekly Close Could Determine Whether Ethereum Will Cost $1,000 appeared on BitcoinEthereumNews.com. The current weekly close will determine whether Ethereum (ETH) falls toward the $1,000 mark, according to a technical analysis by analyst Ali Martinez. According to his data, a weekly candle close below the key $1,850 support will trigger an acceleration of selling. If this level is broken, the first target of the downward move will be the intermediate support near $1,560, while the final point of the decline within the multiyear channel will be the lower boundary of the range near $1,070. Ethereum (ETH) price outlook by Ali Martinez, Source: X Ethereum ETF outflows meet an “Amazon 2001” analogy The decline in the price of the main altcoin is taking place amid the continued flight of institutional capital. U.S. spot Ethereum ETFs recorded a net outflow of $121 million, marking the thirteenth consecutive day of withdrawals and signaling sustained bearish sentiment among Wall Stre