Analysts say Ethereum price must hold this key level to avoid a capitulation-level move

The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem.

While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market.

Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of selling dropped Ether to…

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