Ethereum trades at $3.2K, reflecting a 1.66% loss over the last day.
The market witnessed a liquidation of $41.66 million in Ethereum.
As the broader crypto market remains under the grip of the bears, Ethereum (ETH), the largest altcoin, is facing a tough period and finds itself at a critical juncture. Surpassing the $3.5K mark for ETH is proving to be a weighty hurdle.
Ethereum has encountered consistent declines following its rejection at crucial resistance levels. The asset currently rests at a notable support near $3.2K, with the market closely observing ETH’s potential for a bullish rebound.
Notably, Ethereum’s consolidation phase is marked between $3.2K and $3.3K. The altcoin opened the trading day at $3,276 and mounted to a daily high of $3,335. The bull power turned off, and ETH slipped to its lowest price of $3,217.
ETH price chart (Source: CMC)
The largest altcoin has lost over 1.66% in the past 24 hours. Due to the prevailing bearish price movement, ETH
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