ETH prices fall below $ 1,800 per price shock in the middle of a test attack attack

crypto Market capitalization has been reduced to its lowest point since the beginning of November with $ 240 billion that are eliminated on the last day.

This has resulted in a 6% drop to $ 2.6 billion, since all electoral profits after US now have been eliminated.

ethereum has taken the worst part of the fall, losing the huge 16% in 12 hours, since it fell from around $ 2,140 to just below $ 1,800. In addition, eth is struggling to recover and is quoted at $ 1,860 at the time of writing.

eth death?

The last time ethereum quoted below $ 1,800 was in October 2023, when he was slowly emerging from the two -year bearish market.

There is a solid support at the current levels, which must be maintained to prevent the asset from becoming the minimum of bear market after the formation of what seems to be a double graphic pattern.

Analysts have <a target="_blank" href="https://x.com/CryptoCaesarTA/status/1899079271814934866″ data-wpel-link=”external” target=”_blank”>warned That if the support is lost here, eth could fall as low as $ 1,200.

ethereum has currently decreased 62% painful since its historical maximum in 2021, and the eth/btc ratio, which is a measure of the eth price in terms of Satoshis, is at its lowest level since December 2020, since it has fallen to 0.023 today, today, according To TrainingView.

Only Dogecoin (Doge) had heavier losses than ethereum in the crypto -top twenty today, with the memeña melted by 11%.

The question of who would sell eth at $ 2,000 is raised and the answer seems to be whales that are trying to avoid being liquidated, <a target="_blank" href="https://x.com/lookonchain/status/1899293860435726491″ data-wpel-link=”external” target=”_blank”>according To lookonchain.

Needless to say, the mockery of ethereum and FUD had intensified at new heights on cryptographic twitter while merchants and investors licked their wounds.

ethereum Testnet attacked

The eth anguish has been exacerbated due to problems with the sicking tests and an unknown attacker that sends zero tourism transfers, causing empty blocks.

On March 9, ethereum developer Marius van Der Wijden <a target="_blank" href="https://x.com/vdWijden/status/1898665884236882428″ data-wpel-link=”external” target=”_blank”>saying

“We suspected that the attacker was reading some of our chats, so we decided not to advertise the solution, but only to update a few nodes that we control to obtain more complete blocks on the network,”

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