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.

The current market correction is largely driven by the ongoing regulatory uncertainty in the US, which has led to a decline in investor sentiment, particularly affecting Ethereum's price. With the altcoin leader down 8%, it's essential to monitor its support levels, specifically the $2.8K mark, to assess potential buying opportunities. However, a retest of this level could be imminent if the bearish trend persists.