Ethereum price risky pattern nears as supply on exchanges plunge
NegativeCryptocurrency

Ethereum's recent price drop to $3,060 highlights a concerning trend in the cryptocurrency market, as it reflects a 35% decline from its highest value. The situation is compounded by a slip in open interest and rising outflows from exchange-traded funds, suggesting a bearish sentiment among investors. Additionally, a related article notes that Ethereum is struggling below $3,400, indicating that if it fails to reclaim the $3,500 mark, further declines could follow. This pattern raises questions about the resilience of Ethereum amidst fluctuating supply on exchanges.
— via World Pulse Now AI Editorial System







