Late Friday, Ethereum price succumbed to the pressures of the broader crypto market. Prices dipped under $1,800 for the 4th successive session.
There are a few minor losses. Yet the negative trend has kept ETH פּרייַז from pushing through the $1,800 barrier in the last seven days.
The month of April has been a slow start. This is because inflation accelerated in May, and left a negative impact on cryptocurrency markets. Already the crypto market was impacted by the Federal Reserve’s tougher financial measures.
ETH / USD איז געפאלן צו אַ ינטראַדיי נידעריק פון $ 1,602 ין 24 שעה נאָך היטטינג אַ הויך פון $ 1,812.90. לויט CoinMarketCap סטאַטיסטיק, די ווערט פון עטהערעום איז געפאלן מיט מער ווי 7% אין די לעצטע 24 שעה.
From the last 30 days, the Ethereum price has continued to fall under the barrier of a dramatic trendline.
די ETH / USDT פּאָר יקספּיריאַנסט טיף סעלינג אין מיטן מייַ, סערפּאַסינג יאנואר ס דנאָ פון $ 2170. ווי די קריפּטאָקוררענסי מאַרק געווארן מער וואַלאַטאַל, סעלינג דרוק דיקריסט. דאָס האָט געפֿירט אַ פעסט אָבער גראַדזשואַל קאַפּ.
Ethereum Prime Managed To Surge By 0.33%
Despite Ethereum trading low of $1,761, a look back over the last week showed a 0.33% price increase. Ignoring bearish attempts to lower the price, this helped ETH to remain beyond $1,750.
Also other cryptocurrencies have taken a similar hit: Solana has dropped 5%, Avalanche has shed 6%, and Cardano has lost more than 1% in the previous 24 hours.
The Ethereum price has fallen in reaction to the downturn since the first 15 days of May, reaching a new low of $1718. Multiple trials at this resistance point demonstrate the influence on market participants.
עטהערעום ס מאַרק קאַפּ קאַפּ לינגקט מיט ריזיק סעלינג-אַוועק
The drop in Ethereum’s market capitalization can be linked to a larger selloff of digital assets in recent weeks.
Inflation has driven people to be more careful with their expenditures. Especially those with lower incomes, who end up spending less on basic necessities such as food and services.
However, economists believe that a tighter budget will limit usage of digital assets.
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Source: https://coinpedia.org/ethereum/ethereum-price-loses-1700-level-again-lowest-level-since-march-2021%EF%BF%BC/