The world’s second-largest cryptocurrency Ethereum (ETH) has been once again facing severe selling pressure after a bounce back last week all the way past $3,600. In the last two days, ETH has been under the grip of the bears as the Ethereum price has slid all the way under $3,400 again.
Will Ethereum Price Tank Under $3,000?
In an analysis provided by crypto analyst Ali Martinez, concerns arise as Ethereum falls below the critical support level of $3,460. This development presents a challenge for bullish sentiment in the market, potentially paving the way for further downward movement in Ethereum’s price.
With the absence of robust support at this level, the likelihood of a continued correction in Ethereum’s price trajectory toward $2,850 or even lower becomes more pronounced.
Courtesy: Ali Martinez
In recent market developments, QCP Capital has reported notable activity within the last 24 hours, particularly in the options trading arena for Ethereum (ETH). An increased interest
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