{"id":10740,"date":"2022-05-12T23:53:04","date_gmt":"2022-05-12T23:53:04","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/analysts-say-ethereum-price-must-hold-this-key-level-to-avoid-a-capitulation-like-move\/"},"modified":"2022-05-12T23:53:07","modified_gmt":"2022-05-12T23:53:07","slug":"analysts-say-ethereum-price-must-hold-this-key-level-to-avoid-a-capitulation-like-move","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/analysts-say-ethereum-price-must-hold-this-key-level-to-avoid-a-capitulation-like-move\/","title":{"rendered":"Analysts say Ethereum price must hold this key level to avoid a capitulation-like move"},"content":{"rendered":"
The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem.<\/p>\n
While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market. <\/p>\n
Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of selling dropped Ether to $1,701, a price not seen since July 2021. <\/p>\n