Ethereum is in "pain" below $3,000 – Will there be a deeper breakdown?
Is ETH "clinically dead" or just a temporary dip?
Today's Ethereum price plummeted by 5-7%, breaching the psychological level of $3,000, hitting $2,965-$3,000. This breakdown signals a deeper risk around $2,800 if there is no strong buying force. Reasons: spot sell-off, weak market sentiment according to BTC, plus outflows from ETFs.
Nevertheless, Vitalik Buterin has just proposed a simpler "Distributed Validator" staking – a long-term positive signal for the network. Layer-2 continues to grow strongly, but short-term bearish is evident.
Do you still believe ETH will rebound strongly? Or switch to stablecoin and wait for the right time? Drop your opinions!
👇 Share if you are staking ETH!
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