Ethereum plummeted over 8% in the last 24 hours as the crypto bloodbath continues. Bears are in control of the market as the coin is treading very close to the $1000 price level. The major sell-off has also affected Bitcoin massively as the crypto lost over 33% in the last week itself. This has also caused other market movers to dip severely on their respective charts. Ethereum lost its support at $1300 and now is eyeing $1000. Buyers have exited the market as the coin continued to remain exceedingly sold out. The global cryptocurrency market cap today is at $950 Billion with a fall of 3.7% in the last 24 hours. Trading volume of the coin also grew considerably over the past day. Over the past few days Ethereum displayed considerable volatility as the coin traded between $1600 and $1200 respectively. Now, if the sell off continues in the market ETH might not witness a price correction over the immediate trading sessions. Ethereum Price Analysis: One Day Chart ETH was trading at $1122 on the one day chart. The coin last traded around this level in the end of January 2021. This point for the coin had triggered a rally in the past where the coin soared and traded above $4000. Pull from the sellers can potentially drag Ethereum below the $1000 price level. The immediate price support level of the coin stood at $1014. The volume traded was seen in the red and that signified bearish control of the market. The resistance for the coin...
