Why Ethereum is Dropping Today?

Quick Summary:

The leading altcoin, with a fully diluted valuation of about $377 billion, has dropped over 6 percent since Tuesday to trade around $3,133 on Thursday, November 14, during the mid-New York session.

With the notable spike in interest for Ether by institutional investors, Ether’s price is well slated for more gains ahead.

Ethereum price recently confirmed the resurgence of bullish sentiment after successfully rebounding from the 200-weekly Moving Average (MA).

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Ethereum Price Analysis News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 03:14:32 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 394 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23597311

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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