Tuesday, February 27, 2024

Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection By Cointelegraph

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Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

Ethereum’s native token Ether (ETH) tumbled on July 26, lowering hopes of an prolonged price restoration. The pair dropped by roughly 5%, adopted by a modest rebound to over $1,550.

These in a single day strikes liquidated over $80 million price of Ether positions within the final 24 hours, information from CoinGlass reveals.

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