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Ethereum Price Enters Hostile Territory After Breaking $1,500 Support
Ethereum price has broken below the psychological $1,500 support level, underlining the strong bearish hold. The coin inched up by 0.8% and traded at $1,484 at the time of writing, with the price having bounced back from two-year lows of $1,472. ETH is down by 55.4% year-to-date, and formed a death cross in late February when its 50 MA crossed below the 200-day MA. The crypto market has been on a steep decline in the last six weeks, with risk-off sentiment prevailing in decision making by institutional and whale investors. ETH ETFs reported $389 worth of net outflows in March. In addition, DeFiLlama reports that ... (full story)
