ETH has declined by 5.41% in 24 hours as bearish market sentiment persists. An analyst is eyeing a new ATH of $4723.
An analyst started eyeing a new ATH of $4723.has experienced a strong downtrend. Although the broader cryptocurrency markets have seen high fluctuations, ETH has suffered the most from the current market conditions.
Despite these conditions, an increase in trading activities shows ETH’s signs of life. Thus, over the last 24 hours, trading volume has surged by 81.42% to $13.67 billion. Also, a breakout from that level will lead to historical highs of $8100, representing a 2x price surge. This massive liquidation of longs that shows investors betting on market recovery were forced out of their positions.
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