Ethereum Drops 20%: Here’s Why Analysts Are Defiant And Bullish

Quick Summary:

Following Bitcoin and other top coins, Ethereum is in red, bleeding at spot rates.

In summary, Ethereum is down 20% from the May 2024 highs, easily breaking $3,300, as the Bears target is $3,000 in the short term.

However, amid this deluge of sellers, some analysts remain defiant, expecting prices to recover in the coming sessions.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: HungaryUnited States

Topics: Ethereum Options Ethereum price ETHUSDT Bitcoin options United States SEC Bitcoin price Spot Ethereum ETFs Bitcoin Ethereum ETH ETH Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 22:00:06 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21485067

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 9 hours ago

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