The model reveals that the second-largest cryptocurrency by market cap has lost a crucial area of support at $1,600 and now faces a significant challenge in terms of recovering from this decline. The next significant support area sits at $1,330, where over 6.18 million addresses had previously purchased 12.63 million ETH. Related Content Find all pieces of information that are trending regarding the largest altcoin- Ethereum, from across the globe with the Ethereum News category.
The Sandbox will unlock over 370 million SAND tokens from its three billion supply this Tuesday. Although SAND may have performed impressively this year, surging 221% to 90 cents, the metaverse token has yet to catch up to its all-time high of $8.44, according to CoinMarketCap data. Latest Ethereum News Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.