- ETH price drops amid market volatility, trading at $2,900.37.
- Benjamin Cowen predicts further decline to $2,500 for ETH.
- ETH could rise to $3,350 if it breaches the $2,950 level.
Ethereum has experienced significant price fluctuations in the past few weeks, aligning with a broader crypto market decline. According to CoinStats data, Ethereum (ETH), the second-largest cryptocurrency, has seen a 7% decline over the past month and a 4% drop in the last seven days.
ETH/USD 24-Hour Chart (Source: CoinStats)
As of press time, ETH is trading at $2,900.37, reflecting a 1.48% decrease in the past 24 hours. This downward trend has also impacted Ethereum’s market capitalization, which now stands at $348,268,608,219, marking a 1.17% intraday decline. Furthermore, Ethereum’s trading volume has decreased to $12,024,693,712, showing a 2.23% drop in the last 24 hours.
The recent bearish sentiment suggests a potential short-term trend reversal as investors secure profits from earlier gains. Despite the current downturn, long-term holders remain optimistic about Ethereum’s future, particularly its role in …
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