The crypto market downtrend hasn’t spared any cryptocurrency of the market today, as every single crypto chart is stained with red patterns, and Ethereum price fall is no exception. The possibility of seeing Ethereum sit around $3K doesn’t feel like a big deal now because the crypto has dropped 18% in a week.
So, what’s happening with the Ethereum price? Will it fall back to the $3K mark after surpassing $4K just a few days ago? Let’s discuss that in this blog.
Ethereum Price Analysis
Ethereum is currently trading at $3,244.67 after a dip of 7% from yesterday and is continuing to move even lower with time. The same is happening with the market cap, as it dropped by 7.5% as well. However, the trading volume of the crypto is telling a different story. Ethereum trading volume has surged 66% from yesterday, pushing the value to $31,064,685,795.
Also Read: Top Crypto Losers Of The Week And Why?
This unexpected fall happened after Ethereum’s price touched the peak of $4,066 on
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