Ethereum

Coin

<ul class="news-points">
 <li>ETH price drops amid market volatility, trading at $2,900.37.</li>
 <li>Benjamin Cowen predicts further decline to $2,500 for ETH.</li>
 <li>ETH could rise to $3,350 if it breaches the $2,950 level.</li>
</ul>
Ethereum has experienced significant price fluctuations in the past few weeks, aligning with a broader crypto market decline. According to CoinStats data, Ethereum (ETH), the second-largest cryptocurrency, has seen a 7% decline over the past month and a 4% drop in the last seven days.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/BmXKn5a5RuHUW2fSf40ECP5wqcjAlp9u_QHw4k1hzA20bZeww3kFAhQvTRNgfy0prSYXNeNm3obrvdzBipLZQNMV8_IZrfaNpXARRXWLCT21eVwoB_FR1EPltPRm9U7oxazpWVyQuwFrBq0kkXlFe_8" alt="">
</figure>
ETH/USD 24-Hour Chart (Source: <a href="https://coinstats.app/coins/ethereum/" target="_blank" rel="noopener noreferrer nofollow">CoinStats</a>)
As of press time, ETH is trading at $2,900.37, reflecting a 1.48% decrease in the past 24 hours. This downward trend has also impacted Ethereum’s market capitalization, which now stands at $348,268,608,219, marking a 1.17% intraday decline. Furthermore, Ethereum’s trading volume has decreased to $12,024,693,712, showing a 2.23% drop in the last 24 hours.
The recent bearish sentiment suggests a potential short-term trend reversal as investors secure profits from earlier gains. Despite the current downturn, long-term holders remain optimistic about Ethereum’s future, particularly its role in …
The post <a href="https://coinedition.com/ethereum-eths-price-slumps-as-analyst-warns-of-more-bear-market-drops/" rel="noopener noreferrer nofollow">Ethereum ETH’s Price Slumps as Analyst Warns of More Bear Market Drops</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum ETH’s Price Slumps as Analyst Warns of More Bear Market Drops

Coin Edition

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