Altcoins Experience Dramatic Declines and ETH Struggles at $3,550

Key Points

1. Several altcoins have seen daily losses exceeding 10%, with ETH hovering around $3,550.

2. ETHBTC parity's bounce from resistance could lead to further altcoin sales if concerns about the Federal Reserve persist.

3. FLOKI Coin may see further rises, especially after BNB Coin reached an all-time high, as it is the most popular meme on the BNB network.

4. DOGE, SHIB, XRP, ADA, and SOL are experiencing losses between 7% and 12%.

5. A test of $3,400 for ETH seems possible in the short term, with potential volatility in the market.