Top Reason Why Ethereum (ETH) Price Is Down Today!

The post Top Reason Why Ethereum (ETH) Price Is Down Today! appeared first on Coinpedia Fintech News

The cryptocurrency market has recorded a significant correction of 3.47% within the past 24 hours. Further, top crypto tokens have displayed a similar price trend breaking down their important levels.

Moreover, the altcoin leader, Ethereum price has recorded the highest correction of about 8% among the top 10 cryptocurrencies by market capitalization. With questions like “Will ETH price retest its low of $2.8K?” and “Why is Ethereum Going Down?”, the crypto market has entered a FUD-like situation.

Dive in as, in this article, we uncover the market sentiments, price analysis, and possible short-term price prediction of the Ethereum token.

ETH Price Fails To Break Out Of Its Important Resistance Level:

After displaying a neutral trend for about a week, the altcoin leader, Ethereum price has failed to break out of its important resistance zone. This has resulted in it recording a correction of 7.30% within the past day with a trading volume of $20.662 Billion, a change of 7.83%.$ETH $BTC