Ethereum price has plunged following a decline in the wider crypto market sentiment due to macroeconomic factors. As Bitcoin trades below the $70,000 mark altcoins have seen corrections falling below resistance levels. At press time, the crypto market cap stands at $2.42 trillion, a 4% decline in the last 24 hours.
Leading altcoin Ethereum has continued to attract bullish sentiments in view of spot Ethereum ETF listings among other metrics. The asset’s price swings have led to analysts projecting the probability of regaining $4,000 in short-term trading in a wider market bull run. While some commentators support a jump, others say bearish factors might limit the asset.
Ethereum Price To $4k?
Ethereum price is at $3,456, a 4% decline in the last 24 hours going below the $3,500 level. Weekly trading for the asset is down 9% following huge liquidation in the crypto market…
