Ethereum Faces Crash to $600 as Crypto Bear Persists - BitcoinEthereumNews.com
crypto EthereumEthereum Faces Crash to $600 as Crypto Bear Persists06 / 30 / 2022Balita ng Ethereum ng BitcoinKey Takeaways Ethereum has retraced by more than 20% over the past four days. Meanwhile, nearly 193,000 Ethereum has been sent to crypto exchanges. Further selling pressure could trigger a correction toward $600. Ibahagi ang artikulong ito Ethereum looks like it‘s at risk of a steep correction as crypto’s rocky June draws to a close. Market participants are rushing to exchanges to exit their positions, while Ethereum is sitting on little to no support. Ethereum Faces Lower Lows Ethereum looks primed for a significant price movement as selling pressure accelerates. The number two cryptocurrency has suffered from a price drop of over 20% over the past four days. It was trading at a local high of $1,280 on Jun. 26 before dipping as low as $1,015. Notably, Ethereum broke below the crucial $1,000 level on Jun. 18, and the losses could extend further as downward pressure appears to be on the rise. On-chain data from Glassnode shows that the number of Ethereum held on known cryptocurrency exchange wallets has significantly increased. Nearly 193,000 ETH worth roughly $200 million has flowed into trading platforms since Jun. 26. The spike in the balance held