Ethereum trading volume is up 16% in the past 24 hours.
Major holders’ profit-taking triggered Ethereum’s sudden price drop.
In a rollercoaster ride for the crypto market, Ethereum suffered a substantial decline in the past 24 hours, plunging below the $2,200 mark for the first time in a week. The flash crash on Monday triggered a flurry of activity and raised pivotal concerns among investors regarding the market’s stability and future trajectory.
Recently, the crypto landscape witnessed a significant discrepancy in trading activity. Long crypto traders faced a staggering liquidation of over $354 million in the past 24 hours, significantly overshadowing the $54 million liquidation from short traders. This prevailing negative sentiment emerged despite recent indications of a bullish flag pattern.
However, CoinShares’ latest report unveiled hope amidst the chaos, showcasing a $43 million influx in their weekly cryptocurrency report. Most notably, Bitcoin dominated the inflows, re
We współpracy z: https://thenewscrypto.com/can-ethereum-recover-from-its-bearish-trap-to-cross-2300/
