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Ethereum Sinks to $1,459 — Can It Hold the $1,398 Lifeline or Slide Another 10% to $1,300?
In a drastic decline, Ethereum (ETH) has sunk below the critical $1,500 mark, casting doubt on its ability to hold onto the crucial $1,398 support area. The asset’s value is currently hovering around $1,459, resulting in an astonishing 7.0% loss within just 24 hours.
While traders are keenly monitoring the current price action, many analysts believe that any breach of the aforementioned $1,398 level could trigger a catastrophic chain reaction, ultimately leading to Ethereum plummeting towards the psychological $1,300 mark.
Source: https://cryptonewsland.com/ethereum-sinks-to-1459-can-it-hold-the-1398-lifeline-or-slide-another-10-to-1300/
