The cryptocurrency market is going through a rough patch and Ethereum (ETH) has not been spared. In the last 24 hours, ETH has shed around 1
The cryptocurrency market is going through a rough patch and Ethereum (ETH) has not been spared. In the last 24 hours, ETH has shed around 1.30% and is currently trading near $3580.
The decline can be attributed to the overall negative sentiment in the crypto market with other leading cryptocurrencies like Bitcoin also posting losses. However, it is important to note that Ethereum is still holding above a critical support level of $3200. Thus, it is possible that the coin could find support near this level and stabilize in the coming days.
Nonetheless, investors should keep a close eye on the market as the cryptocurrency market could remain volatile. Any further decline could see ETH testing the $3200 support level.
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