What does the steep fall in ETH signify (ETH surges)
What does the steep fall in ETH signify? According to the official Ethereum Twit
What does the steep fall in ETH signify? According to the official Ethereum Twitter account, the sudden drop in Ethereum’s price signifies what? Currently, ETH is fluctuating around 38,000. The sharp decline in ETH price has caused losses for investors!
According to ethnews, “Since May, the price of ETH has been continuously dropping after a period of high volatility, and now it has fallen below $30,000.”
Due to the recent low market sentiment, many investors are closely monitoring the price trend of this cryptocurrency and its future market trends. “If Bitcoin is the asset category most likely to have a bullish market in the coming years, then Ethereum is such a digital currency.”
ETH surges
According to Huobi market data, today ETH’s price has risen sharply to around $13. The current quote for ETH is $13.6.
After consolidating at a high level yesterday, the transaction fees on the Ethereum network have surged by over 300%. At the time of writing, ETH is temporarily trading at $12.79. Looking at the hourly chart, the overall trend is still in an upward channel. However, if there is not enough liquidity support, there may be further downward risks. It is recommended for investors to wait patiently. Additionally, the recent market volatility is also intense, so please practice good risk control and safeguard your wallet and private keys.
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