Ethereum (ETH) falls 4.2%: Here are the Reasons Why
TL;DR Ethereum dropped 4.2% in 24 hours to $4,346 after breaking key technical supports and now faces $1.19 billion in liquidation risk. The pressure came from
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency,Ā EtherĀ (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’sĀ smart contract functionalityĀ allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility andĀ community supportĀ have made it a popular choice for buildingĀ decentralized applicationsĀ and other blockchain-based projects.
TL;DR Ethereum dropped 4.2% in 24 hours to $4,346 after breaking key technical supports and now faces $1.19 billion in liquidation risk. The pressure came from
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