Ethereum (ETH) Suffers Its Worst October in 8 Years: Is More Pain Ahead?
- Ethereum experienced a nearly 9% gain in September but has plunged about 13% in October, with analysts predicting further declines due to waning institutional interest.
- The cryptocurrency is currently trading around $2,330, with concerns about dropping below the $2,000 psychological level, which could lead to a significant support area between $1,850-$1,920.
- Diminishing institutional demand is evident, with $220 million leaving spot ETH ETFs recently, and notable figures like Arthur Hayes selling significant amounts of ETH, raising concerns about the asset's recovery potential.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum experienced a nearly 9% gain in September but has plunged about 13% in October, with analysts predicting further declines due to waning institutional interest.
- The cryptocurrency is currently trading around $2,330, with concerns about dropping below the $2,000 psychological level, which could lead to a significant support area between $1,850-$1,920.
- Diminishing institutional demand is evident, with $220 million leaving spot ETH ETFs recently, and notable figures like Arthur Hayes selling significant amounts of ETH, raising concerns about the asset's recovery potential.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$ETH
#Ethereum #Crypto
