Cryptocurrency Q&A
Why is Ethereum declining?
Why is Ethereum declining?
MountFujiMystic
Thu Dec 26 2024
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7 answers
1675
I've been observing the cryptocurrency market recently and noticed a significant decline in the value of Ethereum. I'm curious to understand the reasons behind this drop. Is it due to market volatility, changes in investor sentiment, or are there any specific factors causing Ethereum to lose its value?
7 answers
HallyuHeroLegendaryStarShine
Sat Dec 28 2024
This pressure has intensified due to selling activity from both long-term and short-term holders.
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SumoHonor
Sat Dec 28 2024
Notably, whales have been active in the market, attempting to withstand the selling pressure.
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GeishaCharm
Sat Dec 28 2024
These whales have increased their holdings by a significant amount, specifically 410K ETH.
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KatieAnderson
Sat Dec 28 2024
Ethereum has been experiencing increased bearish pressure lately.
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ZenBalance
Sat Dec 28 2024
Despite this increase in holdings, the overall trend for Ethereum remains bearish.
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