Ethereum price decline

ethereum price decline

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The daily relative strength index is down today due to with regulatory ambiguity driving the market's bearish sentiment. The recent revelations have raised questions about the regulatory certainty around Ethereum's legal categorization, which heightened scrutiny and volatility.

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The price of Ethereum (ETH) is down today due to a variety of factors including sell pressure from investors, negative technical indicators and more. Ethereum price lost around 4% in the past week. ETH price hit its peak of $2, on January 12 and corrected to $2,, at the time of. Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,
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The newly unveiled documents also reveal a contentious internal debate within the SEC at the time, with some officials expressing reservations about directly stating Ether's status due to potential future implications. Onchain data illustrates an increase in ETH sell-offs, reflecting the heightened unease amongst investors and contributing to the downward price momentum. The Ethereum market is currently experiencing significant selling pressure, much of it originating from long-term Ethereum holders. TODAY on. Currently, this metric stands at around 2.