ETH Price Drops Sharply, Trading Below 2,400 USD
According to market data on June 28, ETH has fallen below 2,400 USD, currently trading around 2,399.51 USD/coin, a decrease of 1.60% for the day. This movement indicates high selling pressure in the world's second-largest cryptocurrency market, raising concerns about the short-term recovery potential of this coin.
Factors Affecting ETH Price
ETH's price decline is largely influenced by profit-taking pressure after the previous increase. Volatility in financial control measures, along with global economic pressures, has made cryptocurrency investment capital more cautious. Additionally, technical indicators show strong downward signals, setting the stage for continued price decline in the next session.
Impact on Cryptocurrency Market
ETH's downturn not only reduces market sentiment but also directly affects DeFi platforms and projects built on the Ethereum network. Investors should carefully consider before opening new positions or increasing existing investments, as significant volatility can cause substantial reductions.
Investment Strategy in This Period
Recommended to apply optimal risk management strategies such as setting reasonable stop-loss and closely monitoring market fluctuations. Cryptocurrency is not just a profit game but also requires the ability to control psychological responses to price changes. Wise investors always prepare for the worst-case scenario when adjusting their investment portfolios.
ETH trading below 2,400 USD has raised many questions about recovery trends as the cryptocurrency market undergoes unpredictable changes. This is an ideal time for investors to reassess strategies, increase portfolio resilience, and update market news to maximize profits in this highly volatile market.
