1 week ago
13
Key Takeaways:
- ETH dropped to $1,977, down 12.41% on the monthly candle, 4.6% daily, 7.7% weekly
- Bitcoin dipped to $73,000 simultaneously as Iran-US conflict escalated overnight
- Monthly ascending trendline from 2019 still holding despite the breakdown under $2,000
- Ethereum spot ETFs recorded outflows every single day from May 11 through May 27
- SMA50 at $2,414 and SMA100 at $1,741 – price sitting between the two on monthly chart
Ethereum droped below $2,000, printing $1,977 on the monthly chart – down 12.41% on the candle, 4.6% in the past 24 hours, and 7.7% over the past week. The move happened alongside Bitcoin dropping to $73,000 as the Iran-US conflict produced its sharpest escalation in weeks. The US conducted its second round of airstrikes in three days, hitting a drone command hub in Bandar Abbas. Iran retaliated by striking an American ...
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