Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens

Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was one of the cryptocurrencies that performed particularly poorly, falling 7.32 percent over the past day to follow Bitcoin's loss.

Timeline of Ethereum

Ethereum (CRYPTO: ETH) was diving over 13% on Saturday, in sympathy with Bitcoin (CRYPTO: BTC), which was plummeting over 10% lower.  Price action in the crypto market has been predictive of the price action in the general markets recently, and traders and investors of stocks will likely be watching Bitcoin and Ethereum this weekend as they tank.

Ethereum's Immutable X launched a $500 million fund that will be used for games and NFT developers in a form of grants and investments in IMX tokens and cash, so they can continue building on the scaling solution let's read more today in our latest Ethereum news. Ethereum's Immutable X is used by companies like

Ethereum price analysis is bearish today as we have seen consolidation and another spike lower to the $1,000 mark. Therefore, we expect ETH/USD to push even lower, opening the way for a lot more downside to be reached by the end of the month.

  The coin market has been sailing through treacherous conditions and torrential woes. While most cryptocurrencies have faced the wrath of turbulence. Stablecoins seem to have performed better and are proving to be an ideal choice during market calamities. However, not everything is fine with this category either.  Marketers, hoping for a quick rebound, are wishful of …

Market intelligence firm Glassnode says one particular niche within the decentralized finance (DeFi) sector remains robust despite crypto market woes. In a new analysis, Glassnode says capital has been pouring into stablecoins while many Ethereum (ETH) holders are currently underwater. “The aggregate capitalization of the top four stablecoins (USDT, USDC, BUSD and DAI) have also The post Glassnode Says One Crypto Asset Class Is Gaining Massive Popularity Amid Huge Ethereum (ETH) Unrealized Losses appeared first on The Daily Hodl.

Ethereum price after a brief visit below $1000, now has regained its levels above. On the other hand, Bitcoin's price crashed below the crucial support at $20,200 and marked its bottom below $19,000, some moments ago. Currently, the bulls have appeared to have jumped in to prevent the prices to plunge more, but eventually, the …

Ethereum (ETH) prices slumped below key levels on Saturday, and are now trading in the triple digits as an ongoing crypto rout intensified. ETH is down nearly 9% in the past 24 hours, and is trading at $997.61, data from Etherscan shows.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Global stock market indices have been in a freefall over the past two weeks.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance is a metric that measures the market cap of the stablecoin Tether as a percentage of the total market cap.

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively. The general market and the cryptocurrency sector were due for at least a day of consolidation after a period of high volatility and bearish price action.