Ethereum Key Takeaways:
– ETH prices have plummeted below $1300 – Selling pressure intensifies, which triggers the decline. – Dire price forecasts for ETH
Having lost about 20 percent of its value over the past 24 hours and hovering around $1,200 on Monday morning, many crypto investors and market observers are prepared for a massive Ether decline back into the triple digits.
On the decentralized exchange Uniswap, however, it occurred late Sunday night, albeit momentarily, as ETH retreated below the spot price, relative to other exchanges, to $950.
The duration of the sell-off saw ETH’s liquidation price dropping from $1,200 to $875.
Suggested Reading | Dogecoin Shed 91% Of Its Value Since 2021 High – A Musk Tweet To Pump DOGE?
$ETH went to $945 on
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!