ETH’s Price May Dip in the Coming Weeks as Trader FUD Grows
- ETH’s price has dropped 5.29% over the last 24 hours.
- Santiment tweeted that a dip opportunity for ETH may take place in the coming weeks.
- The altcoin’s price has dropped below the 9-day EMA line.
The price of Ethereum (ETH) has dropped 5.29% over the last 24 hours according to CoinMarketCap. This 24-hour loss has also pushed ETH’s weekly performance into the red. As a result, ETH’s price is currently down 2.03% over the last 7 days. At press time, the price of ETH is trading at $1,551.13.
In a tweet this morning, Santiment (@santimentfeed), shared that the recent dip in ETH’s price was “forewarned by the massive profit-taking transaction ratio spike on January 20th.” In the tweet, the blockchain analytics company added that ETH is now being discussed in 21% of crypto asset discussion and that this FUD may benefit prices in the medium term.
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