Ethereum faces another 30% drop to $1,500 if the ETH price double-top pattern plays out, making the $2,000 level increasingly important for the bulls to hold.
Ethereum’s native token, Ether (ETH), posted a new yearly low at $2,070, which is also the lowest since Jan. 1, 2024. The second-biggest cryptocurrency dropped 7.40% on Feb. 28, leading to over $200 million in liquidations over the past 24 hours.
Ethereum1-day chart. Source: Cointelegraph/TradingView
With ETH price now testing two-year lows, 0xLouisT, a crypto investment manager, says that Ether’s social sentiment is “at its lowest in the past 12 months”.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments