As the decline in Bitcoin and other cryptocurrencies persisted recently, market participants are waiting for signs of potential upward movement.

Analyst Ali Martinez shared insights regarding the crucial levels investors should monitor. For Bitcoin, adherence to the 200EMA level on the four-hour chart at around $67,400 is essential. Martinez emphasized that this level has historically provided strong support for Bitcoin, potentially leading to a recovery if maintained. However, breaching this level could signal further declines, similar to what was experienced in mid-January.

Concerning Ethereum, Martinez pointed out that $3,460 represents a key level. A drop below this point could trigger corrective moves towards $2,850 or below. Currently trading at $3,301, Ethereum's price movements below $3,460 will determine whether the correction extends to lower levels in the near future.

It is crucial to keep an eye on these critical price levels to gauge the future trajectory of Bitcoin and Ethereum's prices. Note that this information is for educational purposes only and should not be considered financial advice.