Ethereum slips 3.5%; Why it’s vulnerable below $4,000
- A surge in selling pressure could expose the coin to the next support level of 3,763 or 3,649. Alternatively, a break above 4,000 could lead Ethereum towards levels of 4,140 and 4,250
- The ETH/USD pair turned negative on Sunday, giving up most of its gains from the previous session, owing to increased competition
- The founder of Ethereum admits that the network may fail, due to a lack of scalability, but the price of Ethereum is struggling to recover from the decline
Ethereum will fail if the network encounters scaling issues – Vitalik Buterin.
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