- Ethereum (ETH) saw its price drop 1.25% over the past 24 hours and was trading at $1,788.71.
- ETH was able to reach a high of $1,854.38 yesterday, which was just short of the major $1,860 resistance level.
- Despite the latest correction, ETH still had the support of the $1,755 level.
The leading altcoin Ethereum (ETH) was one of the handful of cryptocurrencies in the top 10 list that was down at press time. According to data from CoinMarketCap, ETH had recorded a 24-hour loss of 1.25%, and was changing hands at $1,788.71 as a result.
The only other cryptocurrencies that suffered a loss during the same period were Binance Coin (BNB) and Dogecoin (DOGE). CoinMarketCap data indicated that BNB was down 0.47%, while the popular meme coin’s value was down 0.67%.
Along with the drop in price, ETH also recorded a decrease in its 24-hour trading volume throughout the past day of trading. At press time, the cryptocurrency’s trading volume was down 29.65%. Consequently, the total was estimated to be around $11.820 billion.
Daily chart for ETH/USDT (Source: TradingView)
ETH had briefly dropped below $1,555 on 19 October 2023 and reached a low of $1,541.61 durin…
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