Ethereum plummeted over 8% in the last 24 hours as the crypto bloodbath continues. Bears are in control of the market as the coin is treading very close to the $1000 price level. The major sell-off has also affected Bitcoin massively as the crypto lost over 33% in the last week itself.
This has also caused other market movers to dip severely on their respective charts. Ethereum lost its support at $1300 and now is eyeing $1000. Buyers have exited the market as the coin continued to remain exceedingly sold out.
The global cryptocurrency market cap today is at $950 Billion with a fall of 3.7% in the last 24 hours. Trading volume of the coin also grew considerably over the past day.
Over the past few days Ethereum displayed considerable volatility as the coin traded between $1600 and $1200 respectively. Now, if the sell off continues in the market ETH might not witness a price correction over the immediate trading sessions.
Ethereum Price Analysis: One Day Chart
Ethereum was priced at $1122 on the one day chart | Source: ..
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