The correction to the lower boundary of the ascending channel continues. While there are no signals for a reversal, rather the opposite – apparently, the rebound from the recent local minimum is only a short-term respite before going to the level of $ 54 thousand. Leaving below $56 thousand from the current levels can be a trigger to accelerate the downward movement.
The $52.9 thousand mark is an important level of coin trading, where large volumes were concentrated, as a result of which a decline in quotations below it seems extremely unlikely. If it does happen, then there will be no serious obstacles to the price falling to $ 42.2 thousand.
The industry continues to live its life despite the turbulence.
The volume of TVL on the second layer of Ethereum set a new record – $5.64 billion, while part of the assets from the top 50 CoinMarketCap was able to rewrite ATH: Avalanche, Decentraland, Crypto.com and so on. This indicates that investors still remain confident about the future of the industry and are in no hurry to give up on it due to the correction of the main cryptocurrency.