{"id":28371,"date":"2023-09-12T07:05:25","date_gmt":"2023-09-12T07:05:25","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/12\/eth-price-can-tank-to-1400-as-ethereum-enters-capitulation\/"},"modified":"2023-09-12T07:05:25","modified_gmt":"2023-09-12T07:05:25","slug":"eth-price-can-tank-to-1400-as-ethereum-enters-capitulation","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/12\/eth-price-can-tank-to-1400-as-ethereum-enters-capitulation\/","title":{"rendered":"ETH Price Can Tank to $1,400 As Ethereum Enters Capitulation"},"content":{"rendered":"

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The world\u2019s second-largest cryptocurrency Ethereum has as soon as once more come beneath main promoting stress with the ETH worth tanking over 2% and dropping all the best way to $1,540 ranges. While the Ethereum bulls tried to put up a significant battle above the $1,600 degree, they failed to regain the misplaced floor.<\/p>\n

On-chain knowledge supplier Santiment reported<\/a>: \u201cEthereum experienced a drop to $1,540, a price level not seen since March 12th. During this period, a significant amount of dormant ETH moved from older wallets. This decrease in the average age of ETH holdings while prices are declining is indicative of capitulation, often signaling potential reversals in the market\u201d.<\/p>\n

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