Ethereum Slides 14% In 24 Hours, Bear Div Hints At Deeper Drop Ahead

[Lenipiw]

Few cryptocurrencies have had as explosive growth in 2020 as Ethereum has. The top-ranked altcoin led the market into a recovery in early 2020, and after a revisit to an accumulation range, the DeFi trend helped Etheruem rocket out of lows.

However, today was the first sign that Ethereum’s momentum may be waning, as the second-largest crypto by market cap tanked by over 14% in the last 24 hours. Losses have since cooled off to just roughly 7%, but a bearish divergence forming may indicate that there’s more downside ahead.
Visit Here: https://www.newsbtc.com/2020/09/02/ethereum-slides-14-in-24-hours-bear-div-hints-at-deeper-drop-ahead/