The post Why Did Ethereum Drop? Will ETH Price Crash To $2K? appeared first on Coinpedia Fintech News
After attempting to follow Gold in a bullish outlook in the past few weeks, Ethereum (ETH) led the altcoin industry in significant losses in the past 24 hours. The large-cap altcoin, with a fully diluted valuation of about $297 billion and a daily average traded volume of around $20 billion, dropped nearly 8 percent in the last 24 hours to exchange about $2,474 on Wednesday during the early Asian session.
The sudden Ethereum price decline in the past 24 hours resulted in forced liquidation of more than $102 million, mostly involving long traders.
Top Reasons Ethereum Price Dropped Today
Increased Fear of Choppy Prices Ahead
One of the important things I look for in a trade is if it has a well-defined risk point where I can say „I am wrong” and cut my losses.$ETH is a well-defined short-side trade. Above 2830 or so the trade is wrong pic.twitter.com/Iox0NTARTk
— Pete
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