Here’s Why Ethereum Price Is Falling Today

Quick Summary:

A day after the successful launch of the spot Ethereum ETF, the Ethereum price has come under strong selling pressure cracking over 8% and tanking all the way to $3,150 levels.

This has resulted in strong liquidation of the long positions of Ethereum in the last 24 hours.

Ethereum might be the weakest link, where fundamentals (new users, revenues, etc.) have been stagnant or lower,” noted 10x Research.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: ETH Price Tanks Ethereum price crash Ethereum (ETH) Ethereum (ETH) price Ethereum Price Prediction Altcoin News 24/7 Cryptocurrency News ETH Price Correction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 04:28:58 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21768308

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Main Topics: Crypto

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