Why is the Largest Altcoin Ethereum (ETH) Losing Ground?

Quick Summary:

Ethereum (ETH), the largest altcoin by market cap, continues to underperform in the crypto market.

The cryptocurrency has been in a steady downtrend since falling below $3,400 on June 23.

The much-anticipated "Uptober” has also disappointed ETH holders, with the altcoin hitting a monthly low and facing growing selling pressure.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Latest News ETHEREUM ETH Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 06:56:10 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 22978439

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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