Ethereum [ETH] takes a bigger-than-ever hit amid its recent capitulation - BitcoinEthereumNews.com
EthereumEthereum [ETH] takes a bigger-than-ever hit amid its recent capitulation05 / 27 / 2022Balita ng Ethereum ng Bitcoin Ethereum is going the other way again after its latest drop today. The largest altcoin dropped below $1,800 for the second time this month and is looking to further dive into the proceeding support level. The tough love comes at a testing time with the major cryptocurrencies in disarray. Ethereum has continued the trip down south and has broken through the support level of $1,800 again in May. Currently trading at $1,727, it is down by more than 10.5% at press time. The last time ETH dropped below $1,800 was back in July 2021. The crypto market is itself in a frenzy right now with $520 million being liquidated yesterday. This points to growing insecurities in the market with macro headwinds sailing into the “red” zone. With Bitcoin itself below $30k, a negative threshold is already set for the crypto market. The stock market officially entered bear territory for the first time since early 2020. Ayon sa oras, experts say the crypto market is reflecting heightened volatility that comes with war, continued surging inflation, and shifting U.S monetary policy. Experts also point to other factors like