Heena Kousar
New member
One of the largest exchange FTX's collapse is crushing and brutally killing the crypto market as the industry continues to flash red. Furthermore, FTX's recent chapter 11 bankruptcy filing may bring more downside spirals and hit the market harder than ever.
As we all know many crypto assets have lost more than 40% of their value because of the impact that plummeted the global market cap to $780B. According to Coinpedia, the present bearish trend made selling pressure among Ethereum investors, forcing them to liquidate all positions to get a smooth road for the downtrend of ETH.
Ethereum trades at risky resistance level!
As mentioned by Coinpedia, in the present situation, some crypto experts are predicting more price drops for Ethereum including a prominent crypto analyst firm, Bitcoinsensus, forecasted that Ethereum may soon get a bold rejection because it is displaying a continuous price fluctuation in a massive resistance zone of $1,200 to $1,300.
As we all know many crypto assets have lost more than 40% of their value because of the impact that plummeted the global market cap to $780B. According to Coinpedia, the present bearish trend made selling pressure among Ethereum investors, forcing them to liquidate all positions to get a smooth road for the downtrend of ETH.
Ethereum trades at risky resistance level!
As mentioned by Coinpedia, in the present situation, some crypto experts are predicting more price drops for Ethereum including a prominent crypto analyst firm, Bitcoinsensus, forecasted that Ethereum may soon get a bold rejection because it is displaying a continuous price fluctuation in a massive resistance zone of $1,200 to $1,300.