ETH Drops to 2-Year Lows Amid Crypto Selloff
Ethereum prices dropped to a 2-year low of $1,415 on Monday.
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.
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