Ethereum experienced a significant price decline, dropping from 2,627.8 USD to 2,387.6 USD, resulting in major liquidation losses.
Trading volume surged to 27.68 billion USD, demonstrating increased activity in the market, yet leaving traders skeptical about future ETH trends.
To stabilize, ETH must maintain above 2,500 USD; otherwise, lower support levels could be tested, indicating further volatility in the altcoin market.
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