What of Ethereum now that $1.4B worth of ETH are sold - Aliens: AI Crypto News & Markets Updates
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What of Ethereum now that $1.4B worth of ETH are sold

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AMB Crypto

Thu, Jun 30, 2022

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Aliens TLDR

Ethereum [ETH] , the king of altcoins has failed to register any significant improvement in the month of June.

Notably, this level was previously visited by the coin at a time when the market crash wiped out 46.4% of the ETH’s value.

In the month of June alone, about 1.3 million ETH worth over $1.45 billion was sent back to exchanges, most of which was a part of panic selling that was triggered by the crash of 9 June.

What Ethereum needs now is some patience from investors and a quick market-wide recovery.

Trading at $1,092 at press time, ETH needed to retrace its steps back to pre-June levels at the least to correct this decline, which may take a while considering the alt’s price decline of 5.2% in the last 24 hours

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