Ethereum Price Plummets 21%, Reaches 50-Day Low
Quick Look: Ethereum’s Price Drop: Experienced a 21% decline over the past week, now struggling to maintain the $3,000 support level; Derivatives Market Caution: Ethereum options show the highest bearish sentiment in two months, indicating strong demand for downside protection; Potential Ether ETF Influence: A possible approval in May could rejuvenate Ethereum despite mixed market signals and current volatility. Ethereum, a dominant force in the cryptocurrency market, has recently encountered significant headwinds, as evidenced by a sharp 21% decline in its price from April 9 to April 14, culminating in