Analysis: ETH holds on to the critical area, and the next trend may affect Bitcoin

Odaily News Michael van de Poppe, founder of MN Trading, said that Ethereum is holding a key support area. If this level cannot be maintained, it may have an impact of about 4% on the price and push Bitcoin further down to a range that traders cannot determine. Michael van de Poppe added that if ETH falls below support, Bitcoin may test $60,000, while Ethereum will test below $2,800. According to CoinGlass data, if ETH falls to $2,800, about $259.46 million in long positions will be liquidated. (Cointelegraph)