ETH Price Slides — Market Factors Explained

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Ethereum price is down today after it dropped below a key support zone, but multiple analysts remain optimistic about Ether’s upside.

ther’s price fell over 5% to $2,380 on May 19, mirroring similar downward moves across the wider cryptocurrency market.

Long liquidations accompanied ETH’s price drop.

Below $2,400 could be a buy-the-dip opportunity.

Ether price declined by over 4.5% in the last 24 hours to around $2,380 on May 19. 

Ethereum leads crypto market sell-off

ETH’s drop mirrored similar downside moves elsewhere in the cryptocurrency market, with the total capitalization falling by approximately 1.40% to $3.25 trillion.

Bitcoin saw modest losses, dropping 1% over the last 24 hours to trade above $102,900. Other major altcoins, such as XRP and Solana, also recorded significant losses of 2.3% and 4.5% %, respectively.

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