The post Why Ethereum is Dropping Today?
After an impressive bullish breakout last week, Ethereum (ETH) price has significantly declined the rising momentum. The leading altcoin, with a fully diluted valuation of about $377 billion, has dropped over 6 percent since Tuesday to trade around $3,133 on Thursday, November 14, during the mid-New York session.
Nevertheless, the fear of a major crypto capitulation has significantly declined, since Bitcoin entered its price discovery phase. As of this writing, Ethereum’s fear and greed index has surged to 78 percent, which represents extreme greed from traders.
