Ethereum (ETH) Crashes to $2,800: Did ETF Spark Bloodbath?

Ethereum in awful position as institutional sell-offs push price below $3,000 once again

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A domino effect frequently occurs when these entities begin liquidating their holdings, aggravating the price decline as additional investors follow suit. According to the most recent price action, if the sell-off persists, Ethereum may be subject to additional downside pressure. We might witness a lengthy period of bearish activity if Ethereum is unable to recover this level. Conversely, the RSI's indication of oversold conditions may draw in some buyers searching for a good deal.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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