Sunday Sell-Off Spoils Ethereum's Recovery as ETH Dips to $1,153

Alex Dovbnya

The ongoing Sunday sell-off has thrown in the works for cryptocurrency bulls

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Sun, 10/07/2022 - 18:43

Sunday Sell-Off Spoils Ethereum's Recovery as ETH Dips to $1,153

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Ethereum, the second-largest cryptocurrency by market capitalization, has pared the lion’s share of its weekly gains earlier today.

The main Bitcoin competitor plunged by more than four percent to reach an intraday low of $1,153 on the Binance exchange.

Dogecoin Has Risen 78,000% from Its All-Time Lows

The cryptocurrency is currently down 75.98% from its record high, according to data provided by data site CoinGecko.

As reported by U.Today, Fidelity’s Jurrien Timmer recently opined that Ethereum was “cheaper” compared to Bitcoin. He believes that Ethereum has already reached the bottom of the ongoing bearish cycle.

On June 18, Ethereum dropped to as low as $881 before logging its worst quarter to date.

#Ethereum Price Prediction

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.