Subscribe to Bankless or sign in
Ethereum dropped to $1,415 according to CMC, its lowest in two years, amid a broader crypto market selloff that erased billions and triggered liquidations.
What’s the Scoop?
- Market Downturn: Ethereum's price plummeted to $1,415, marking its lowest level in two years after a widespread crypto selloff.
- Technical Breakdown: ETH lost critical support levels at $1,829 and $1,550, trading below both the 50 and 200 moving averages.
- Liquidations Spike: CoinGlass data shows a 15% drop in Ethereum open interest, with $486M in liquidations over the past day.
0
0
