The price of Ethereum is sharply retreating, is there a cause for concern?
During the first part of this Monday, the price of Ethereum's native coin, ETH, is experiencing a strong retreat. This drop occurs alongside the rest of the major assets in the cryptocurrency market. For example, BTC, SOL, and XRP also record significant declines. Is this a healthy correction or a cause for alarm?
Although there are alarmist voices regarding the current pullback in the crypto world, the conditions do not seem severe. Recently, the price of BTC reached an all-time high of $124.4k, which some whales took advantage of to collect profits. Similarly, ETH whales also saw an opportunity amidst the current climate of tension.
