Ethereum Under Pressure After Breaking $3,150 Support, Analysts Eye $2,400
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Ethereum fell to about $3,050, experiencing significant losses with $213 million in liquidated positions, mainly ETH longs. Analysts suggest a potential drop to $2,400 if current support fails, as the market capitalization decreased by 2% amid weak sentiment.
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- Ethereum dropped to a low near $3,050, underperforming other major altcoins during the latest market sell-off.
- Over $213 million in crypto positions were liquidated in 24 hours, with ETH longs accounting for $114 million.
- Analysts warn that a bearish chart pattern could push Ethereum toward the $2,400 level if support fails.
The crypto market remained under pressure over the past 24 hours, with most major tokens posting small gains or moving sideways. Total market capitalization stood near $3.07 trillion, down about 2%, while overall sentiment stayed weak. Bitcoin traded around $90,300, down over 2%, while Ethereum dipped nearly 5% to hover near $3,088. Altcoins also showed limited strength, with XRP near $2.02, Solana around $133, and Cardano at $0.41.
Ethereum Sees Sharp Losses as Liquidations Surge
Ethereum recorded one of the sharpest declines among other a…
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Coins
$ 64.09K
+1.79%
$ 1.79K
+3.09%
$ 1.10
+1.30%
$ 0.167
+0.05%
$ 77.76
-0.30%Funds
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In This News
Coins
$ 64.09K
+1.79%$ 1.79K
+3.09%$ 1.10
+1.30%$ 0.167
+0.05%$ 77.76
-0.30%Funds
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