Cryptocurrency market on June 20: ETH has just adjusted to below 2,500 USD.
The movement of ETH during the day
According to data from the cryptocurrency market on June 20, Ethereum (ETH) has experienced a slight adjustment after several days of stable growth. Notably, the price of ETH has dropped to 2,499.20 USD, just slightly below the previous 2,500 USD threshold. During the trading session, ETH recorded a slight growth of 0.25% compared to yesterday, reflecting that market sentiment is still quite volatile. Investors are closely monitoring signs from technical indicators and major institutions to predict the next trend.
The impact of ETH price volatility on the cryptocurrency market
The drop of ETH below 2,500 USD has a profound impact on the entire market. This is an important psychological support level; if broken, it could lead to a reversal of the short-term downtrend. In the market, other tokens like BTC, BNB, and ADA are also experiencing slight downward adjustments. Short-term trading strategies are proposed by analysts to take advantage of price volatility during this period to optimize profits or minimize risks. In this context, investors need to have a multi-dimensional view of macro factors and the capital flow into DeFi and NFT projects.
Outlook on ETH and the cryptocurrency market
Experts believe that although ETH has slightly decreased in price, there are still many factors supporting the recovery trend. Breakthrough technologies like Eth2, the scaling of layer 2, along with the ongoing wave of DeFi project development still hold significant value. The cryptocurrency market continues to make positive predictions about the potential for a bottom before entering a new breakout phase. Long-term investors should closely monitor on-chain data and the trends of large cash flows to make appropriate decisions. At the current price level, ETH remains one of the attractive options for long-term profit-making investment strategies.
Source: https://tintucbitcoin.com/ethereum-giam-duoi-2-5k-usd-tang-025/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
