Ethereum just shook off a massive sell-off and is holding steady now. There was a $540 million wave of selling pressure that hit the market, but ETH managed to stabilize and actually outperform the rest of crypto during the dip. Pretty interesting considering how brutal things could have gotten.



Looking at the current numbers, ETH is trading around $2.32K with a 24-hour drop of about 2.48%. Not terrible given what just happened. The altcoin wallet ecosystem also took some heat during the dump, but the broader market is showing some resilience.

What caught my eye is that despite all that selling, ETH didn't completely tank like some other assets. The fact that it's holding above key support levels while altcoins are getting hammered suggests there's still decent demand at these prices. Could be a sign that the worst of the liquidations is over, or at least that buyers are stepping in on dips.
ETH0.59%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin