The price decreased for two years with a 6 % decrease in Broad Crypto Selloff-TrandingView News

The sale of a deepening in the encryption market sent the second largest encrypted currency, ethereum, which was traded at the last time seen in two years. The encryption decreased for trading by about $ 1500, which has erased billions of value and leads to a large -scale liquidation.

Taking into account the descending feelings, traders wonder whether ETH can settle or if the decline in $ 1,000 is the next chapter. The last ETHEREUM action indicates a potential declining pressure.

The artistic collapse is in line with the weakness of the series

The distinctive symbol, which is now hovering about $ 1500, is ether, in a clear declining momentum. The encryption below is traded below the moving averages 50 and 200.

Al -Atheer decreases to the levels that were last seen in 2023

Previous support levels have collapsed at $ 1,829 and $ 1550 under escalating sales pressure. Interestingly, since December, the price has been a clear drop from the highest levels and low declines.

The sale has been a wide -ranging trend in this industry since Trump announced a comprehensive tariff around the world. Data from CoinmarketCap shows that the market has decreased by 8 % at 2.43 trillion dollars.

For example, the upper cryptocurrency, Bitcoin, decreased by 6 % last day and a similar margin last week, as it was circulated by $ 7,7459. The famous digital assets XRP and Solana also decreased by 13 % and 12 %, respectively, last day.

The derivative market interacts with the water bull test

Meanwhile, Coinglass data shows the open interest of Ethereum that decreased by 15 % last day by $ 486 million, a sign that many speculative situations have already been suspended.

It is important to note that Price Ethereum is currently in the Over -26 region. This means that the price can reflect the rotation for a moment before it can be seen any additional declining momentum.

Collapse or return?

Short -term graphs indicate that ETH can test $ 1,424 or even decrease to the level of $ 1,000 if support areas continue to make room. However, the market is still optimistic about a long -term recovery. With the role of ETHEREUM in decentralized financing, NFT infrastructure, and Blockchain innovation, the symbol still has structural strengths.

With feelings turning into a decline and traders aspiring to critical support levels, the next step for Ethereum will be very important, not only for their own path but also for the wider encryption market as well.