Ethereum is currently trading at $2,639 after bouncing significantly from its weekend lows of $1,735.
The industry’s second largest asset by market cap is still seething following a sensational blow-off top at $4,400 following months of continuous price action to the upside.
Ethereum lost more than 60% of its value in just 12 days, coinciding with a chaotic fall in the price of Bitcoin, which ended its uptrend with a plunge to below $30,000.
Analysts remain cautious on cryptocurrencies as a…
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