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After selling a large amount of Ethereum this week, the price of Ethereum has experienced a significant decline. The unexpected decline has made the cryptocurrency community anxious about the stability of the world's second largest cryptocurrency and the long-term impact of the decline

Bitcoin prices have started an upward correction since the $26550 region. BTC is on an upward trend and is facing strong resistance near the $27300 and $27500 levels

Between October 6th and 12th, ETH prices fell 7%, reaching a 7-month low of $1520. Although it slightly rebounded to $1550 on October 13th, according to multiple indicators, investors' confidence and interest in ETH seem to be weakening

Recently, the level of excitement in the encrypted world has been higher than usual, which is not without reason. Huge hedge fund manager Paul Tudor Jones recently called on investors to shift their attention to Bitcoin and gold, rather than traditional stock markets

Bitcoin, a digital currency that has been questioned, sought after, and once again questioned, has always been closely monitored for its price fluctuations. Despite recent fluctuations in Bitcoin prices, the overall trend has gradually stabilized

Bitcoin is in a difficult situation today, despite a price drop of 0.32% to around $29300, the narrowing of the Bollinger band indicator indicates that the market is brewing a major change

According to a recent statement released by Zhao Changpeng (CZ), CEO of Coin Security, the price of Bitcoin may exceed its previous historical high of $61000 in 2024. However, there is a contradiction between recent macro events and BTC derivatives market data

In the second half of 2022, Bitcoin prices experienced significant fluctuations due to market fluctuations. At the beginning of May, the price of Bitcoin was nearly 40000 yuan, but it subsequently experienced a sharp decline and had dropped to nearly 25000 yuan by the end of July

Ethereum prices have retreated from the resistance level of $1670 against the US dollar. If ETH falls below the support level of $1600, it may suffer a significant blow

Compared to the dominant cryptocurrency Bitcoin, Ethereum's price hovers around the annual low point. This decline has been evident since September 2022, causing ETH to drop to $1594 at the time of writing this article

After several weeks of consolidation under important resistance levels, Ethereum's prices finally saw a significant decline.Although there are still many support positions available, ETH's situation does not look good

In recent weeks, Ethereum (ETH), the main asset in the cryptocurrency market, has not received a warm welcome from the market due to price declines and unstable on chain performance. Overall, the overall situation of the cryptocurrency market has not significantly improved, as most counterfeit currencies have not been able to maintain an upward trend