Ethereum Plummets Below $3,450 Amid Crypto Market Decline, Drops 5.04% in 24 Hours
Main Idea
Ethereum's price dropped below $3,450 on August 3rd, experiencing a 5.04% decline within 24 hours due to sustained selling pressure and broader crypto market downturn.
Key Points
1. Ethereum fell below the $3,450 mark amid a continuing market downturn, with a 24-hour price drop of 5.04%.
2. The decline was driven by sustained selling pressure across the crypto market, reflecting investor caution amid macroeconomic uncertainty.
3. The overall crypto market experienced a downward trend on August 3rd, influencing Ethereum’s price and contributing to a risk-off sentiment among traders.
4. Key metrics show Ethereum's price at $3,445, market cap at $415 billion (a 3.8% decrease since July 31), and 24-hour trading volume at $18 billion (stable compared to the previous day).
5. COINOTAG experts emphasize monitoring Ethereum’s price for signs of stabilization or further declines.
Description
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