Ethereum Price Below $3k - Signs Of Fear & Panic Emerging.

Ethereum Price Below $3k - Signs Of Fear & Panic Emerging.

2021-09-30 | Big Bob

Ethereum Price Below $3k - Signs Of Fear & Panic Emerging.

The price of Ethereum [ETH] has dropped again and this time it goes below $3000, worrying the investors. Higher lows are usually considered a sign of strength but the recent drops have been unexpected. The recent suspension of the second-most largest Ethereum pool in China, SparkPool has been shocking but the government has explained it being done by the ‘new regulatory policies to protect the assets of people. Cryptocurrency exchange companies like Binance will halt fiat deposits and spot crypto trading. Huobi along with other renowned crypto exchanges said that they would retire mainland China-based user accounts by the end of the year. Permanent Traders would most likely not be affected majorly unlike the other investors. To analyze the curve of the price in future premium which is also known as the basic rate. Retail traders might find it difficult as the complications due to market settlement date and price difference from markets but on the brighter side, this lack of fluctuations rate is a significant advantage. In the first week of September, a spike in the funding rate took place but is soon dissoluted as a sudden cryptocurrency crash caused $3.54 billion worth of future contracts liquidations. The indicator has held flat ever since. At the reporting time, Ethereum is presently trading at a price of $3010 USD, which is 2.790% up for the day.

Ethereum Price Below $3k - Signs Of Fear & Panic Emerging.

3-Month Ethereum Price Chart - Source: CoinMarketCap

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