Here’s Why The Ethereum Price Fell Toward $1,500
The price of Ethereum has experienced a notable decline following a major Ether sale this week. The unexpected decrease has left the crypto community anxious about the stability of the world’s second-largest cryptocurrency and the long-term effects of the decline. Ethereum Price Drops After Large-Scale Ether Swap On Monday, October 9, the price of Ethereum declined following an extensive Ether swap by the Ethereum Foundation, a non-profit community-run organization dedicated to enabling better human coordination. Related Reading: These Bullish Factors Prove XRP Price Rally Is Not Over....
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Ethereum has faced a strong correction after peaking near $1,350 last week. The cryptocurrency currently trades for $1,050, though fell as low as $950 on Monday due to an influx of selling pressure. During the drop, the funding rates of the ETH futures markets were extremely overleveraged. In some cases, there were long positions holders […]
Despite having a boom week, Bitcoin, the most valuable cryptocurrency, sank to its seven days low. Several other altcoins that had also been rallying dropped, including the second-largest coin, Ethereum, which fell over 5%, XRP fell by 4%, and ADA took the lead with 6%. Over the last nine days, Bitcoin has seen positive momentum. From a low of $19,230 to a high of $24,280, the leading cryptocurrency has increased in value by more than 26% since July 12. Related Reading | TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key Nonetheless, BTC’s most recent rise failed to surpass....
Ethereum is struggling to recover above the $345 and $350 resistance levels against the US Dollar. ETH price is likely to continue lower below $330 unless it recovers above $355. Ethereum corrected a few points higher, but it failed to climb above the $350 level. The price is declining below $345 and it is well […]
Ethereum price declined heavily due to the DAO hack, and lost around 40% of the value. Can losses stop in ETH or will it continue to move down? Key Highlights. Ethereum price moved down sharply and traded close to the $10.0 level against the US Dollar. There was a bullish trend line formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which was breached during the downside move. The price is currently trading around the 100 simple moving average (H4), which may play a major role for the next move. Ethereum Price Decline. Ethereum price ETH fell like a stone during the past few....
Ethereum remained well bid and it climbed above the $2,400 level against the US Dollar. ETH price is showing positive signs and it might soon surge above USD 2,500. Ethereum gained pace and it cleared the $2,350 resistance zone. The price is now trading well above $2,350 and the 100 hourly simple moving average. There […]