ETH Price Can Tank to $1,400 As Ethereum Enters Capitulation
On-chain data provider Santiment reported: “Ethereum experienced a drop to $1,540, a price level not seen since March 12th. During this period, a significant amount of dormant ETH moved from older wallets. This decrease in the average age of ETH holdings while prices are declining is indicative of capitulation, often signaling potential reversals in the market”. advertisement Courtesy: Santiment On the downside, the major support levels for ETH to watch for are $1,550 and $1,370. These are the key support levels where the probabilities of bounce back are higher. As of press time, the ETH price did bounce back from the first support zone and is trading at $1,579 with a market cap of $189 billion. On the other hand, if the BTC price continues to fall, the Ethereum price can fall further to $1,407. Recommended Articles Crypto Presale Projects For 2023 To Invest; Upd...