Ethereum’s 8th anniversary was overshadowed by a 20.70% drop in trading volume.
Bearish sentiment challenges Ethereum as it aims to breach the $2,000 mark.
Ethereum, the second-largest cryptocurrency finds itself amidst a bear-dominated market. The ongoing battle between the bear and the bull has intensified over the past two weeks, driving down the price. Notably, the price of ETH has decreased by 6.16% in the last month and by 2.1% within the last 7 days. This downward trend has unnerved investors, resulting in a 20.70% drop in trading volume, which now stands at $5,576,261,147.
Ethereum, also touted as the Silver Cryptocurrency, recently celebrated its 8th anniversary with investors’ hopes of breaking free from its bearish grip. However, these hopes were dashed as the price remained between a low of $1,817 and a near-miss high of $1,885. Concurrently, the market capitalization has also suffered a decline of 2.10% according to CoinMarketCap, resting at $220,706,624,490.
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