Ethereum's Decline Today 15 November 2024

Current Price Drop

Long Liquidations

Underperformance vs. Bitcoin

Resistance Levels

Market Conditions

Stay informed for Ethereum’s future price prediction

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Ethereum's Decline Today 15 November 2024

Here's Why

Discover the reasons behind Ethereum's recent price drop

Current Price Drop

Ethereum has dropped 3.5% in the last 24 hours, now trading around $2,492, following a 9% decline over three days.

Long Liquidations

Over $24 million in long positions were liquidated, adding downward pressure to Ethereum's price

Underperformance vs. Bitcoin

Ethereum has lagged behind Bitcoin, gaining only 6% this year compared to Bitcoin's 11%, impacting the ETH/BTC ratio

Resistance Levels

Ethereum faces resistance at $2,700, with rising leverage among traders increasing short-squeeze risks.

Market Conditions

The overall crypto market cap fell by 0.8%, reflecting bearish sentiment affecting Ethereum and other altcoins

Stay informed for Ethereum’s future price prediction