Ethereum

Bitcoin and cryptocurrencies have crashed further overnight, dropping to levels not seen since the crypto market began surging in late 2020...

The market inclines to sell on that kind of uncertainty and that is why stocks and crypto fell, but there is also a hope that inflation in the U.S. will continue to alleviate." Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious

Many major cryptocurrency coins lost a quarter of their value in a matter of hours in a dramatic price crash.

- Dogecoin – $0.077 - Cardano – $0.45 - Solana – $43.50 - XRP – $0.37 - Ethereum – $1,930 - Bitcoin – $28,000

A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking ...

The price of ethereum has dropped dramatically amid a major crash in the cryptocurrency market. Ethereum, the second biggest digital coin, was hardest hit ...

It has lost more than 20 per cent in the last 24 hours, with its price dropping below the $2,000 mark that is held as a milestone. That selloff was partly the result of increased worries about inflation. As such, its drop has caused worries across the market.

Cryptocurrencies continue to come under pressure as investors digest the macro outlook.

Additionally, the Fed has indicated that it will begin reducing its $9 trillion asset balance sheet and will eventually ramp up to running off $95 billion of bonds by September. This will effectively remove liquidity for the markets, which means there could be less money to support riskier assets and higher valuations. "I think the market is expecting some forced selling [of Bitcoin] here on the part of Terra and the reserve," Nic Carter, co-founder of Coin Metrics, told CNBC earlier this week. Broader crypto concerns have also arisen due to issues with stablecoins, which are digital assets pegged to some kind of commodity or fiat currency. Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin ( BTC -0.40%), traded down roughly 2.5% as of 12:57 p.m. ET. The price of Bitcoin is currently hovering below $30,000. The Fed has now raised its overnight benchmark lending rate, the federal funds rate, by roughly 0.75% in just two meetings, including a full half-point move at its latest meeting. The entire cryptocurrency market recently lost $200 billion in a single day.

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021.

If/when we break below that former resistance level, that's another bearish signal.” A longer-term view of the Ether's price action was discussed by market analyst Caleb Franzen, who suggested that a “bearish” breakdown below a major trendline. Should a further breakdown in price occur, Rekt Capital indicated that the blue zone on the chart is the “ next major support sub ~$1720,” which is located near $1,350.