Ethereum's Downward Spiral Continues Despite a strong start to the year, Ethereum's price has struggled to maintain its momentum. The second-largest cryptocurrency has been on a downward spiral since mid-May, when it reached an all-time high of $4,350. As of June 2021, Ethereum is trading at around $2,400, representing a drop of over 40%. This has been largely driven by increased selling pressure and market volatility in the crypto space. The Impact of Market Volatility The recent sell-off in the crypto market has been fueled by a combination of factors, including negative news surrounding China's crackdown on crypto mining and trading, Elon Musk's tweets about Bitcoin's energy consumption, and the overall uncertainty surrounding the future of cryptocurrencies. These events have caused panic among investors, resulting in massive sell-offs and price drops across the board. What Does the Future Hold for Ethereum? Despite the current market conditions, man...
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