Ethereum Price Retests $2.5K Level Amid Bear Market, What’s Next?
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The cryptocurrency market has experienced a significant bearish reversal, despite ending the previous week on a high note. Bitcoin, the market leader, saw a 3.99% drop, causing it to retest the $58,000 level. Similarly, Ethereum, the leading altcoin, has also followed this downward trend, with its price retesting the $2.5K level.
This movement indicates a broader bearish sentiment across the cryptocurrency market. Investors are closely watching Ethereum and Bitcoin for any signs of further declines or potential rebounds in the near future. It remains uncertain what will trigger a reversal or stabilization in the coming days.
Source: coinpedia.org ↗
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