Ether's price dropped by over 5% to $2,380 on May 19, reflecting a broader decline in the cryptocurrency market. Long liquidations accompanied the price drop, presenting a potential buy-the-dip opportunity below $2,400. The total market capitalization fell by approximately 1.40% to $3.25 trillion, with Bitcoin and other major altcoins also experiencing losses. Moody's Ratings downgrade of the US credit score contributed to market uncertainty. The Federal Reserve's stance on interest rates and economic uncertainty led investors to withdraw from speculative assets, including crypto. Ether's decline triggered a wave of long liquidations, wiping out over $255 million worth of positions. The broader crypto market also saw significant liquidations. Analysts suggest that Ether's price below $2,400 presents a buying opportunity before a potential rally towards all-time highs. This article does not provide investment advice, and readers are encouraged to conduct their own research before making decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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