A key indicator seemed to suggest that ETH might fall to $2,150 before a bull run
While Ethereum’s social metrics dropped, a few market indicators were bearish
Ethereum’s [ETH] price recently fell victim to a price correction like the rest of the crypto-market. Ahead of the said episode, a key ETH indicator flashed a similar outcome. Not only that, but AMBCrypto has also reported how top players in the crypto-space lost some faith in ETH as they started to sell their holdings.
Ethereum’s price is dropping
After a comfortable rally, the king of altcoins’ price registered a decline in the short-term. According to CoinMarketCap, ETH was down by nearly 5% in the last 24 hours alone. At the time of writing, ETH was trading at $2,239.24 with a market capitalization of over $269 billion.
Unfortunately, ETH’s trading volume increased while its price dropped, which is generally perceived as a bearish signal. In fact, Ali, a popular crypto-analyst, rightfully pointed out yet ano
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