Price of Ethereum Breaches Critical Support

Krutika Adani

Ethereum Breaks $3K

The price of Ethereum broke $3000 and reached $2860, causing a 10% fall within the last 24 hours.

Possibility of a Further Fall

The possibility of a further fall intensified as Ethereum breached key support with a 52.6% increase in trading volume in the last 24 hours.

Will Prices Recover

Ethereum prices might recover by the end of next week as the launch of its much-awaited ETFs draws near.

Impact of ETF Launch

The launch of Ethereum ETFs might raise ETH’s price above $3.3k, possibly resulting in a full recovery from the current fall.

Levels to Watch

A recovery rally could soon be possible if ETH prices manage to hold $2800.