The price of Ethereum (ETH) Cryptocurrency briefly crashed below $ 1,800 on Monday, which led to concern among ether investors. The crypto market is located in the middle of a massive sale, with several crypto courses that crash in price. While ETH has recovered to over $ 1,900, the supply is still down 8% over the past week.
The last time Ethereum traded under $ 1,800 was in October 2023, when it slowly came out of the two -year bear market. There is solid support at current levels, which fortunately were held to prevent the availability from refueling to bear markets. Ether, however, now forms what seems to be a double-top diagram pattern. Several analysts have Warned That if the support here is lost, ETH can fall as low as $ 1,200.
Another part of the problems around Ethereum involves the network’s test platform that has been hacked. Problems with Pectra testing and an unknown attacker that sends zero-token transfers, causing empty blocks.
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On March 9, Ethereum (ETH) develops Marius van der Wijden mentioned The question had been fixed. “We suspected that the attacker read some of our chats, so we decided not to publish the fix, but just update some nodes that we checked to get more full blocks in the network,” the developer said.
