Based on BeInCrypto, Ethereum's price fell sharply in the past 24 hours, dropping from near $4,300 to as low as $3,400 before rebounding to around $3,800. The sell-off, linked to the China-US tariff dispute, triggered nearly $19 billion in crypto liquidations. Derivatives data shows a shift in market sentiment, with Ethereum's funding rate turning negative and the taker buy ratio improving, suggesting potential for a rebound. Technical indicators, including a hidden bullish divergence on the RSI, also support the possibility of a recovery if key support levels hold.
Ethereum Price Drops 13% Amid $19B Liquidations, Signs of Rebound Emerge
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