Cryptocurrency Q&A Why is Ethereum still down?

Why is Ethereum still down?

Margherita Margherita Wed Dec 25 2024 | 7 answers 1434
I'm wondering why Ethereum is still down. It's been a while since the market crash, but it seems like Ethereum hasn't recovered yet. I'm curious about the reasons behind its continued downturn. Why is Ethereum still down?

7 answers

Valentina Valentina Fri Dec 27 2024
This downturn occurs after the prominent altcoin failed to establish the $4,000 mark as a support level.

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CryptoBaron CryptoBaron Fri Dec 27 2024
Notably, this is the third time in 2024 that Ethereum has attempted and failed to turn $4,000 into a support level.

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CryptoPioneer CryptoPioneer Fri Dec 27 2024
As a result of this failure, the value of Ether (ETH) has dropped.

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Riccardo Riccardo Fri Dec 27 2024
The price of Ethereum has experienced a decline today.

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Leonardo Leonardo Fri Dec 27 2024
Specifically, the price of ETH has decreased by 6.35% from its weekly high.

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