Efe Nail Saltık 
The cryptocurrency market entered a correction period after its rise. With the correction, Bitcoin fell to the level of 63 thousand, while Ethereum fell to $ 3260. How long can the decline in Ethereum last? Which levels should we follow?
Ethereum Price Analysis:
According to CoinMarketCap’s data, Ethereum has fallen nearly 20 percent in the last week. However, it has dropped nearly 10 percent in the last 24 hours. Ethereum came up to $ 3260 in price with these declines.
When we look at the current outlook of Ethereum, we see that it has received a reaction from the 3200 level. However, the first resistance that Ethereum needs to overcome to change the sellers’ outlook is the $ 3500 band. It is difficult to say that the positive outlook will continue without rising to this level. However, if Ethereum continues to decline, the next support level waiting for us is the $ 3000 region.
Cryptocurrencies, especially Bitcoin, continue to decline. During this correction period in the market, investors are shifting their focus to other regions. One of these, Solana-based Memecoins, has attracted the attention of investors, but it also harbors many fundamental problems.