
Ethereum Price Crashes 7.87%, Is This Final ETH Dump before Pump?
Ethereum price has dropped over 7.87% today, testing critical support levels, with $84.5 million in liquidations occurred in the past 24 hours.
Ethereum price has dropped over 7.87% today, testing critical support levels, with $84.5 million in liquidations occurred in the past 24 hours.
Crypto analyst Javon Marks predicts a 252% surge in Ethereum (ETH) price, targeting $12,000 based on the 1.618 Fibonacci retracement level.
Ethereum whales have aggressively accumulated more coins in the past few weeks amid anticipated altseason in the near term.
The US spot Ethereum ETF registered zero cash inflow on Monday compared to more than $235 million recorded by the spot Bitcoin ETFs on the same day.
ETH, the second-largest cryptocurrency by market capitalization, is currently trading around $2,635, marking a 25% decline over the past month.
A total of $13.43 billion has flowed into spot BTC ETFs since the approval of the digital assets in January, but the current capital flowing into the investment products remains significantly low compared to their peaks in March.
While Bitcoin appears relatively balanced between long and short positions, Ethereum price weakness has dampened market confidence.
The Ethereum Dencun will implement proto-danksharding, a concept initially theorized by Buterin in 2019, altering the data storage mechanism of Ethereum.
The recent spurt of institutional interest in Ethereum comes as the network proceeds to a major Dencun upgrade scheduled for mid-March.