Ethereum Faces Price Drop After Breaking $3,000 Mark
Ethereum (ETH) has experienced a significant drop in price after surpassing the $3,000 mark. The ETH/USD chart indicates that the cryptocurrency’s price is currently within a larger uptrend, as represented by the orange trendline. Additionally, it is also within the February bullish trend, as indicated by the blue lines. However, the market is currently overbought, as evidenced by the bearish divergence on the MACD indicator.
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