Investing.com – After peaking at $ 59,500 yesterday morning, its highest level since mid-April, the price corrected sharply, hitting a Monday night low of $ 55,250, down more than 7%, and currently remains close to recent lows.
The next major support for the market is the $ 55,000 threshold.
There doesn’t seem to be a particular fundamental reason for this move, but other cryptocurrencies have dropped as well.
The second largest cryptocurrency fell from an all-time high of around $ 4,200 yesterday morning to a low of $ 3,850 overnight Monday through Tuesday, representing a drop of more than 8%.
The $ 3,750- $ 3,800 area is the next support for ETH / USD, outperforming the $ 3,500 area.
But that’s nothing compared to what has already happened, which fell from a high of $ 0.5750 on Monday to a low of around $ 0.44 a night Monday through Tuesday, a drop of more than 22%.
The $ 0.4350 area should be seen as support for Dogecoin, up to $ 0.40.
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