Cryptocurrency Q&A
Why is Ethereum price crashing?
Why is Ethereum price crashing?
MountFujiMystic
Thu Dec 26 2024
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6
answers
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The price of Ethereum has been crashing recently, and I'm wondering why. Is it due to market volatility, changes in regulation, or technical issues with the Ethereum network? I'd like to understand the reasons behind this price drop.
6 answers
Tommaso
Sat Dec 28 2024
This downturn occurs after the prominent altcoin failed to establish the $4,000 mark as a point of support.
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SumoHonor
Sat Dec 28 2024
The high point for ETH this Monday was $4,101.
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DavidLee
Sat Dec 28 2024
Specifically, Ethereum has struggled to surpass this threshold for the third time in the year 2021.
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CryptoChieftain
Sat Dec 28 2024
The daily chart of Ethereum revealed a bearish engulfing pattern, which is a technical indicator of a potential price drop.
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Valentino
Sat Dec 28 2024
As a result, the price of Ether (ETH) has fallen by 6.35% from its peak this week.
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