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Cryptocurrency News

Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

07/26/2022

Less than a minute

2022.07.26 12:57

Ethereum's bearish U-turn? ETH price momentum fades after $1.6K rejection
Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

Ethereum’s native token Ether (ETH) tumbled on July 26, reducing hopes of an extended price recovery. The ETH/USD pair dropped by roughly 5%, followed by a modest rebound to over $1,550.

These overnight moves liquidated over $80 million worth of Ether positions in the last 24 hours, data from CoinGlass reveals.

Source

07/26/2022

Less than a minute