Post
Yellow Korea
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Ethereum is just 9% away from collapsing below the key support level of $2,000
Ethereum (ETH) has plunged 27% over the past 5 days, trading at around $2,211, as on-chain data shows a weakening accumulation momentum and a decrease in net inflows to exchanges. The second-largest cryptocurrency is just 9.2% away from falling below the psychologically significant $2,000 level.
What happened: ETH drops to key support level
The net position data from exchanges indicates a change in market behavior over the last few sessions. The buying momentum that had formed over the previous two weeks has significantly weakened, and the net inflow indicator has been steadily decreasing.
What happened: ETH drops to key support level
The net position data from exchanges indicates a change in market behavior over the last few sessions. The buying momentum that had formed over the previous two weeks has significantly weakened, and the net inflow indicator has been steadily decreasing.
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