Ethereum could start influencing the price performance of other altcoins in a much more pronounced way
The prominent analyst believes that the performance of the broader cryptocurrency market will largely depend on whether or not Ether will manage to break above the $2,000 resistance level.
McGlone is convinced that the $1,000 support should be more enduring than the aforementioned resistance level., Ethereum reached its highest level against Bitcoin this year ahead of the much-awaited merge upgrade.While McGlone expects the second-largest cryptocurrency to encounter some bumps in the road, he is certain that it is still on its way to revolutionizing finance.to its 100-week moving average. The largest cryptocurrency behaved in a similar near previous cycle bottoms.
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