Ethereum is trading in the $2.8K zone.
The market saw $33.60 million worth of Ethereum liquidated.
The crypto market is navigating downside risks, accompanied by conflicting signals. Ethereum (ETH), the largest altcoin, has been battling to hold onto its upward momentum. Even with multiple attempts, it has not succeeded in setting a new all-time high.
Ethereum price has slipped below $2,850, and the price might face hurdles around the $2,843 range. The price retested the $2,776 and $2,808 resistance levels.
ETH has been trading on the downside in the early hours, recording a 0.05% spike. At press time, ETH traded at $2,813 and the daily trading volume reached $29.02 billion. Notably, the market observed a liquidation of $33.60 million worth of Ethereum.
The largest altcoin has lost over 12.84% in the last seven days. ETH began the week trading on the upside at $3,426 and eventually dropped toward a weekly low of $2,451.
Alternatively, institutions appear to be accu
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