Ethereum Price Analysis & Prediction: ETH Drops Below $4,000 Amid $19B Crypto Liquidations, But One Altcoin Holds Strong
The post Ethereum Price Analysis & Prediction: ETH Drops Below $4,000 Amid $19B Crypto Liquidations, But One Altcoin Holds Strong appeared on BitcoinEthereumNews.com.
The cryptocurrency market has been rocked by a volatility spasm as Ethereum (ETH) plunged beneath $4,000 in the wake of $19 billion worth of liquidations throughout key cryptocurrencies. Traders were left reeling as leveraged bets throughout ETH, BTC, and other key altcoins were liquidated in a matter of a few minutes, stoking panic and a sell-off tsunami. ETH was severely hit in isolation, slumping more than 13% in a single day as sentiment became intensely bearish. In the midst of volatility, Mutuum Finance (MUTM) shines as a beacon of security and potentiality. Now in Phase 6 of its presale, having sold out more than 65% already, Mutuum Finance integrates a DeFi ecosystem thoughtfully designed, coupled with strong community support and a clear roadmap towards sustainable growth. While volatile fluctuations are reminiscent of other large coins like ETH, Mutuum Finance presents investors the opportunity to invest early in a token designed for utility, innovativeness, and long-term adoption, turning out to be among the best altcoins to invest in as the market struggles to rebound. Ethereum Price Forecast: ETH Back to Significant Support During Trading Volatility Ethereum (ETH) has decreased approximately 11%, falling below $4,000 in the midst of continued market volatility, but this correction remains no cause to panic. The asset is retesting a significant demand level, earlier resistance, now functioning as crucial support near $3,600, and $3,200 as a possible floor if larger macro trends further deteriorate. A reclamation of $4,200 would indicate a return to higher-timeframe optimism. On a near-term basis, stochastic volatility and optionality are king, and staking flows and ETF speculation are likely to have a larger impact than headlines. Broadly speaking, the uptrend remains, and ETH staying above this demand level may be the beginning of its next great run, a note that as the market…
