Crypto Markets Face Turbulence as EU Sanctions Loom

Key Points

1. Ethereum is struggling to maintain its position at $3,600, while Bitcoin stands at $117,800.

2. Analyst Altcoin Sherpa predicts that if Bitcoin retreats to around $116,000, altcoins could drop an additional 10-20%.

3. The possibility of Ethereum testing $3,400 and losing this support could worsen the market situation.

4. TraderLeevis warned of a decline for the DeFi altcoin AAVE, suggesting investors should heed bearish analyses during peak risk periods.

5. Bitcoin's corrections might heavily impact altcoins, unlike previous market corrections.