ETH Price Drops Sharply, Trading Below 2,400 USD
According to market data on June 28, ETH has fallen below the 2,400 USD mark, currently trading around 2,399.51 USD/unit, down 1.60% on the day. This move indicates increased selling pressure in the world's second-largest cryptocurrency market, raising concerns about the short-term recovery strength of this coin.
Reasons Affecting ETH Price
The price decline of ETH is largely influenced by profit-taking pressure after previous gains. Factors of volatility in financial control measures, along with global economic pressures, lead to a more cautious trend in cryptocurrency investment flows. At the same time, technical indicators also show strong bearish signals, setting the stage for further price declines in the upcoming session.
Impact on the Cryptocurrency Market
The decline of ETH not only undermines market sentiment but also directly affects DeFi platforms and projects built on the Ethereum network. Investors should exercise caution before opening new positions or increasing their current investments, as high volatility could lead to significant losses.
Investment Strategy in This Phase
It is recommended to apply optimal risk management strategies such as setting reasonable stop-loss levels and closely monitoring market fluctuations. Cryptocurrency is not just a profit game but also requires the ability to control emotions during price volatility. Wise investors always prepare for the worst-case scenario when adjusting their portfolios.
The ETH price trading below 2,400 USD raises many questions about the recovery trend as the cryptocurrency market is undergoing unpredictable changes. This is an ideal time for investors to reassess strategies, enhance portfolio resilience, and update market news to maximize profits in this volatile market.
Source: https://tintucbitcoin.com/eth-lao-doc-duoi-2400-usd/
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