The performance of Ethereum's price has continued to be sluggish, plummeting to a low of $1754 this Monday, marking a new low since November 2023. The price level has been cut in half compared to the high of $4,107 in December last year. Meanwhile, the ETH/BTC exchange rate has also fallen to 0.02302, hitting a new low since December 2020.
Such market performance makes it difficult for a bull market to start.
Last night, the short position on Ethereum at 1896 was successfully taken.
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