Late Friday, Ethereum succumbed to the pressures of the broader crypto market. Prices dipped under $1,800 for the 4th successive session.
The negative trend has kept ETH from pushing through the $1,800 barrier in the last seven days.
The month of April has seen a slow start. This is because inflation accelerated in May, and left a negative impact on cryptocurrency markets, whereas already the crypto market was impacted by the Federal Reserve’s tough financial measures.
Ethereum Downtrend Continues
ETH / USD ass op en intraday niddereg vun $ 1,602 bannent 24 Stonnen erofgaang nodeems se en Héich vun $ 1,812.90 getraff hunn. Wéi pro CoinMarketCap Statistiken ass de Wäert vun Ethereum an de leschten 7 Stonnen ëm méi wéi 24% erofgaang.
An de leschten 30 Deeg, Ethereum’s price has continued to fall under the barrier of a dramatic trendline.
D'ETH/USDT Pair erlieft intensiv Verkaf Mëtt Mee, iwwerschratt de Januar Enn vun $2170. Wéi de Krypto-Währungsmarkt méi onbestänneg gouf, ass de Verkafsdrock erofgaang. Dëst huet zu engem stännegen awer graduelle Réckgang gefouert.
Despite Ethereum trading low of $1,761, a look back over the last week showed a 0.33% price increase. Ignoring bearish attempts to lower the price helped ETH to remain beyond $1,750.
d' Ethereum price has fallen in reaction to the downturn of the first 15 days of May, reaching a new low of $1718. Multiple trials at this resistance point demonstrate the influence of market participants.
D'Maartkapitaliséierung vun Ethereum ass verbonne mat engem grousse Verkaf
The drop in Ethereum’s market capitalization can be linked to a larger sell-off of digital assets in recent weeks.
Inflation has driven people to be more careful with their expenditures. However, economists believe that a tighter budget will limit the usage of digital assets.
War dëst Schreiwen hëllefräich?
Source: https://coinpedia.org/ethereum/ethereum-price-loses-1700-level-again-lowest-level-since-march-2021/