Late Friday, Ethereum succumbed to the pressures of the broader crypto market. Prices dipped under $1,800 for the 4th successive session.
The negative trend has kept ETH from pushing through the $1,800 barrier in the last seven days.
The month of April has seen a slow start. This is because inflation accelerated in May, and left a negative impact on cryptocurrency markets, whereas already the crypto market was impacted by the Federal Reserve’s tough financial measures.
Ethereum Downtrend Continues
ETH/USD, 1,602 dolara ulaştıktan sonra 24 saat içinde gün içi en düşük seviyesi olan 1,812.90 dolara geriledi. CoinMarketCap istatistiklerine göre Ethereum'un değeri son 7 saatte %24'den fazla düştü.
Son 30 gün içinde Ethereum’s price has continued to fall under the barrier of a dramatic trendline.
ETH/USDT paritesi Mayıs ortasında yoğun bir satış yaşayarak Ocak ayının dip seviyesi olan 2170 doları aştı. Kripto para piyasası daha değişken hale geldikçe satış baskısı azaldı. Bu, istikrarlı ancak kademeli bir düşüşe neden oldu.
Despite Ethereum trading low of $1,761, a look back over the last week showed a 0.33% price increase. Ignoring bearish attempts to lower the price helped ETH to remain beyond $1,750.
The Ethereum price has fallen in reaction to the downturn of the first 15 days of May, reaching a new low of $1718. Multiple trials at this resistance point demonstrate the influence of market participants.
Ethereum'un Piyasa Değerindeki Düşüş Büyük Satışlarla Bağlantılı
The drop in Ethereum’s market capitalization can be linked to a larger sell-off of digital assets in recent weeks.
Inflation has driven people to be more careful with their expenditures. However, economists believe that a tighter budget will limit the usage of digital assets.
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Source: https://coinpedia.org/ethereum/ethereum-price-loses-1700-level-again-lowest-level-since-march-2021/