Ethereum currently hovers around the $3.5K mark.
The market witnessed $77.19 million in ETH liquidations.
The potent bearish trap set within the crypto market has pushed the assets into the red zone. The prices have lost momentum and slipped back to recent lows. With the Fear and Greed Index value holding at 52, the neutral sentiment is lingering across the market. However, the largest altcoin, Ethereum (ETH), followed suit and began trading on the downside.
The altcoin’s attempt to ascend above the $3.7K range has failed and sunk to the previous lows. As per CMC data, ETH opened the day trading at around a high of $3,660. With the bears taking over control, the price has fallen to a low range of $3,547. Further downside correction of the asset may strengthen the bears.
The altcoin has marked a modest drop of over 1.01% in the past 24 hours, and Ethereum traded at around $3,593, with its daily trading volume decreased by 9.25%, reaching $29.89 billion. Meanwhile,
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