Altcoins market turns red as Ethereum drops below 3,700 USD: Memecore and Story hold gains

Ethereum’s drop below 3,700 USD triggered a market decline, dragging down several altcoins. Despite this, Memecore and Story maintain their respective gains, with Memecore aiming for a breakout around 0.5430 USD and Story targeting 6.16 USD.

Current technical indicators for Ethereum suggest that if bullish momentum is sustained, the price could approach the 4,000 USD psychological level. However, a break below 3,525 USD may prolong the current downtrend.

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