Ethereum (ETH) has fallen in value by almost 5 percent today and is now more than 11 percent cheaper than a few days ago. The big rise last week is now almost completely washed away and the all-time high is no longer in sight. How deep can we go?
How far can ETH still fall?
The wind is tilted for Ethereum. Last Thursday the race flirted with its highest position ever, but you don’t hear anyone about it anymore. In four days the currency has lost more than 500 dollars of its value.
On Thursday, the $ 4,800 was not tapped. After an impressive rally of more than 13 percent in two days, Ethereum was only 2 percent short for a new price record. The following days the course was rigged strictly.
On Saturday, the number two Crypto was already picking up for less than $ 4,400. Yesterday the rate recovered to nearly $ 4,600, but last night the biggest decrease in weeks took place.
The Ethereum course is now under $ 4,300 for the first time since last Tuesday. The low point is currently at $ 4,233. This is 11.6 percent lower than the top of Thursday.
With the new Val, Ethereum has arrived with his important support of $ 4,200. If the buyers do not get anything for each other here, a further decrease to $ 4,000 is on their hands
As analyst Ted notes, the following movement seems to be determined by the peace conversations in the White House. Today, Ukrainian President Volodymyr Zensky is moving to Washington with an army of European leaders to find out the war with Russia.
As long as Ethereum stays above the psychological level of 4,000 dollars, there is not much going on. But we can only look forward to the record of almost $ 4,900 if the $ 4,500 has been recaptured. For now all eyes are focused on the White House.
XRP and Solana Follow – Chainlink stays up
Many other altcoins have made an even worse start to the week. Ripple (XRP) has fallen by 4.67 percent in the last 24 hours, Solana (SOL) with 5.58 percent and Cardano (ADA) by 3.81 percent.
Chainlink (link) is one of the few coins that turns green. The rate is 1.92 percent higher than 24 hours ago, but last night it has plummeted by more than 5 percent.
Source: https://newsbit.nl/ethereum-crasht-5-levert-monsterrally-in-hoe-ver-kan-het-nog-dalen/
