Ethereum Faces Critical Test: Will $3,000 Hold or Break?
The Ethereum (ETH) network has been on the edge. Several assets over the past couple of months were seen recording new peaks, but ETH was still struggling to reclaim its current all-time high. Amidst this, the Ethereum Foundation continued to sell more tokens. As the community watched the drama unravel in the network, the largest altcoin was slipping down to $3,000. Also Read: OpenAI Faces Major Copyright Battle: Adani (NDTV) & Ambani (Network18) Join Lawsuit Ethereum’s Balancing Act Source: GameSpace According to recent data from CoinMarketCap, ETH had taken a huge hit over the past 24 hours. During the time of writing, the second largest cryptocurrency was trading at $3,113 with a 6% daily drop. Earlier today, Ethereum was priced at a high of $3,343.15 before plummeting to a low of $3,024.09. Source: CoinMarketCap The last drop caused chaos in the market. The total number of long liquidations over the last 24 hours surged to a high of $110.25 million. In addition, $11.27 short p...