On March 4, Ethereum’s native token, Ether (ETH), dropped to a new yearly low of $1,996, marking the altcoin’s lowest value since November 2023. In that 24-hour period, roughly $100 million in Ethereum positions were liquidated, with ETH futures open interest (OI) declining 10.31% across all exchanges.
Ethereum 1-day chart. Source: Cointelegraph/TradingView
Is Ether price at a generational entry or lost cause?
The second largest cryptocurrency is drawing mixed opinions from the crypto…
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