Ethereum Price Slumps 5% Amid Second-Largest Lending Liquidation In History As Experts Say Consider This New ICO For 100x Gains
The Ethereum price slumped 5% in the last 24 hours to trade at $2,401 as of 03:43 a.m. EST on trading volume that soared 33% to $15 billion. This comes as Ethereum lending markets faced the second-largest wave of liquidations after the 2021 market correction. The liquidations came after the Ethereum price dropped 22% in the past month. In the last 24 hours, Ethereum has recorded over $50.11 million in liquidations, according to data from CoinGlass . Ethereum Price Prediction: Ethereum Price Gearing Up Towards A Breakout From August 25, the Ethereum price bears took control of the price, capitalizing on the rounding top pattern. The token went through a correction to the $2,406 support zone, and has since been in consolidation, trading within the sideways pattern. ETH bulls are currently struggling to push the price above the $2,578 resistance zone. ETHUSDT Chart Analysis (Source: Tradingview) The bears pushing the price from the upper boundary of the sideway pattern t...