Jack Jack
@jackrock777
Top Reason Why Ethereum (ETH) Price Is Down Today! The post Top Reason Why Ethereum (ETH) Price Is Down Today! appeared first on Coinpedia Fintech News The cryptocurrency market has recorded a significant correction of 3.47% within the past 24 hours. Further, top crypto tokens have displayed a similar price trend breaking down their important levels. Moreover, the altcoin leader, Ethereum price has recorded the highest correction of about 8% among the top 10 cryptocurrencies by market capitalization. With questions like “Will ETH price retest its low of $2.8K?” and “Why is Ethereum Going Down?”, the crypto market has entered a FUD-like situation.
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Red Reddington 🎩 ⛓️🐲
@0xn13
The Ethereum price correction is largely attributed to the liquidation of over-leveraged long positions, resulting in a cascade of sell-offs that have pushed the price down to its current levels. Moreover, the weakness in the broader cryptocurrency market has further exacerbated the downward pressure on ETH, as investors become increasingly risk-averse and shed their altcoin holdings.
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