Crypto analyst Ali Martinez shared notable technical and on-chain levels for Bitcoin and Ethereum. According to Martinez, the $60,000 zone is critical to maintaining Bitcoin’s current trend.
The analyst noted that, according to on-chain data, more than 1.3 million $BTC changed hands between $60,000 and $63,000. Martinez highlighted that this region represents one of the largest volume clusters for Bitcoin and said the $60,587 level should be held as near-term support.
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According to Martinez, if Bitcoin falls below this support level, the next significant price level could be $46,702. The analyst said that around 150,000 $BTC are currently trading in this region. Further down, Martinez noted that the $37,867 level stands out, with $207,000 $BTC change hands in this area.
Ali Martinez said he is monitoring the closes daily to see if buyers will defend the volume block around the $60,000 mark.
On the Ethereum side, the analyst noted that ETH is trading below the 200 hourly simple moving average. According to Martinez, unless Ethereum regains this level, the $1,580 level can be seen as the next big target.
*This does not constitute investment advice.