Ethereum (ETH) is down 2% on Thursday following a key analysis showing the top altcoin has underperformed assets, including Bitcoin, Solana, Nvidia, Meta, Apple, Gold and others.
Ethereum has underperformed key assets within and outside the crypto market. Ethereum is an innovation at the level of human civilization but is mispriced due to lack of killer applications, says F2pool co-founder. Ethereum could decline toward $2,111 if it fails to reclaim the $2,400 support level. Ethereum is down 2% on Thursday following a key analysis showing the top altcoin has underperformed assets, including Bitcoin, Solana, Nvidia, Meta, Apple, Gold and others.
74 million in liquidations, with long and short liquidations accounting for $11.09 million and $3.65 million, respectively. ETH has breached the support level around $2,400 of a key rectangle for the second time in the past three days. ETH traded inside thisrectangle for over three weeks in August before moving outside it on Tuesday. ETH/USDT 4-hour chart If ETH fails to quickly reclaim the $2,400 support, its price could decline toward the $2,111 support level.
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