Massive Ethereum Sell-Off Ahead! Ethereum Price To Drop Below $1800? - BitcoinEthereumNews.com
EthereumMassive Ethereum Sell-Off Ahead! Ethereum Price To Drop Below $1800?06 / 02 / 2022Balita ng Ethereum ng Bitcoin The global crypto market has lost momentum once again after a recovery phase earlier this week with sell-off signals. Ethereum (ETH) price, the worlds second-largest cryptocurrency, is down 6% today, hovering around $1800. This demonstrates that bears remain in control, and the first weeks surge was nothing more than a bear market rally. With a huge volume of ETH migrating to exchanges, the Ethereum sell-off and other cryptocurrencies might accelerate much further. According to Santiment, an on-chain data provider: After a long-term move of coins from exchanges that began in August 2020, $2.21 billion worth of Ethereum has returned to exchanges in the last week. This is the longest run of ETH being returned to exchanges since May of 2021. Ang presyo ng Ethereum (ETH) has suffered a major correction, along with the entire crypto market, after a massive surge last year. From the start of the year, the price of Ethereum has dropped by 50%. Furthermore, ETHs crypto market dominance has been shrinking, falling by over 20% last year to about 18% presently. Investors Focus Shift Away From ETH Due To Sell-Offs Institutional investors are losing faith