Ethereum (ETH) Slumps to 3-Month Low on Renewed Pessimism

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yuliang11 1 - Ethereum (ETH) Slumps to 3-Month Low on Renewed Pessimism

Ethereum may be the second-biggest cryptocurrency in the world by market capitalization, but it has been on a losing streak for quite some time, and there is a genuine fear that the token might eventually lose its preeminence in the crypto sphere.

Sell-Off in the Broader Market

The current slump in the crypto market seems to have hit Ethereum particularly hard, and as of Wednesday, the token plunged down to record lows. The price of the token dived to its lowest levels since the month of May, and it goes without saying that the Ethereum token …

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