Ethereum (ETH) Price Suffers Substantial Fall Amid Crypto Winter
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- Ethereum has been down 5.72% in the last 24 hours.
- Ethereum (ETH) price has been quite volatile over the last several days.
“Crypto winter” might be going on as per Ethereum blockchain co-founder and renowned cryptocurrency leader Vitalik Buterin. But it’s not all bad news for investors, Vitalik said. This might open up a new digital asset world since prices are now low enough, leading to prospects for substantial returns when things take up again as they did before.
Recently Buterin said in an interview:
“Many people who are deep into crypto and especially make things welcome the bear market. They welcome the bear market because when prices go up so much in the long run – it’s a lot of people rejoice – but it invites a very short period of time. Speculative attention.”
Ethereum Price Ranges Around $2600 Level
After hitting an all-time high in early November, the cryptocurrency market suffered a nosedive and stabilized. Investors and speculators expect the price to rise in anticipation of good economic data coming out of Covid. Ethereum plunged by 40 percent as a consequence, along with a substantial decline in almost all major coins.
Ethereum (ETH) price has been quite volatile over the last several days. For the third day in a row, ETH suffers losses. The $2,600 level has become a pivotal trading point for investors. As seen by the most recent price movement, bulls seem to be losing control of the trend.
According to CoinMarketCap, the Ethereum price today is $2,652.52 USD with a 24-hour trading volume of $11,436,809,309 USD. Ethereum has been down 5.72% in the last 24 hours.
Cryptocurrency
