ETH Drops 5.10% to $2,477 as Selling Pressure and Liquidations Mount
- —ETH fell 5.10% to $2,477, intraday low at $2,412
- —Volume of $19.6 billion was 37.04% above the 30-day average
- —RSI at 38.7 and bearish MACD histogram at -32.3 signal weakness
- —Crypto liquidations totaled $974 million, with $311 million in ETH
Why it matters: ETH trades below all short-term averages but above its 90- and 200-day lines; BitMine's potential exit as a steady buyer could add further pressure.
Source: DiarioBitcoin