Ethereum Price Plunges To 2018 Levels: What Is Going On?

Ethereum (CRYPTO: ETH) has pulled back to levels not seen since 2018, yet key players from whales to traders remain defiant about the coin’s future prospects.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Ethereum (CRYPTO: ETH) $1,582 $193.5 billion -0.3%  +4.5% 
Bitcoin (CRYPTO: BTC) $84,853 $1.68 trillion +0.6%  +6.7%
XRP (CRYPTO: XRP)  $2.08 $121.5 billion -2.0%  +5.5% 

Trader Notes: In an X post on Wednesday, trader CrypNuevo highlighted that Ethereum’s current range mirrors historical accumulation zones.

With Bitcoin holding its one-week 50-day moving average and BTC dominance not yet peaking, he’s placing some of his largest spot buys in this range.

Crypto Caesar emphasized the importance of this support zone, calling it a potential millionaire-making moment. He urged traders not to sit idle, saying the next big move is likely just “a few clicks away.”

Full story available on Benzinga.com