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ETH in the FUD mud awaiting rally as investors #buythedip
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Total market capitalization for cryptocurrencies dipped by 10% over the past week and 4.15% in 24 hours. Consequently, ETH suffered the wrath of decline. Usually, FUD (Fear, Uncertainty, and Doubt) is a part of a rally. But, curiously, Ethereum witnessed FUD in its bear market this time.
Well, ETHsaw a 5% price correction at press time as it traded just above the $3k mark. The ‘buy the dip’ sentiment echoed; it seems that FUD played a major role herein. That said, ETH is certainly testing HODLers’ capacity in the current market structure.
According to market data platform Santiment, there’s a lot of bearishness in the crypto market. This took place as a result of the falling market caps.
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