One of the most recognizable names in the crypto money industry, Ian Balina’s latest video about altcoins has surfaced. The information shared by Bill Nobel actually sheds light on the recent activity and contains clues as to whether the rise of altcoins such as Ethereum (ETH) will continue.
Are These Altcoins Expecting Rise?
Ethereum The price has risen up to 8% today and is currently hovering around $4,600 with a 5% increase. According to the statement made by Ian Balina and Nobel, Ethereum paints a very optimistic picture for now.
Nobel stated that with a daily close above $4,700 in his chart, Ethereum could break the all-time record again. According to the analyst, as long as it does not go below $ 4,000, ETH will be safe and will shed light on the altcoin rally.
outside of Ethereum Avalanche (AVAX) The famous analyst, who also commented on, sees $170 as an important point. Although AVAX fell sharply to $110 after breaking the record, $170 will be tested soon and a new record will be set, according to the famous name.
One of the most popular cryptocurrencies of the last period Sandbox (SAND) Addressing the issue, the analyst stated that if $ 6.62 holds as support, $ 8 will be seen. If the $6.62 support is lost, there could be a drop to $4, but this could be seen as a buy point. SAND is currently at $ 6.78 and continues to decline.
The famous name thinks that the industry will continue to rise in general and believes in the metaverse rush.
*Not Investment Advice.