The crypto market is still reeling from a strong case of the corrections, and altcoins are having it worse than all.
Ethereum’s price drop has been massive, with its deepest drawdown reaching 44% over the cycle, which is more than double that of Bitcoin’s 21%.The Short-Term Holder Cost Basis for Ethereum, which typically offers support, shows that current prices are hovering very close to the cost basis of recent buyers.
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