Ethereum Plunge Sparks Market Turmoil as Key Support Levels Shatter

The cryptocurrency sector finds itself gripped by panic, with Ethereum bearing the heaviest losses among major digital assets. As the second-largest cryptocurrency breaches crucial technical support levels, investors face forced liquidations exceeding $1 billion. With market sentiment indicators plunging into “extreme fear” territory, analysts debate whether this represents the start of a broader market collapse or a strategic buying opportunity for savvy investors.

A dramatic shift in investor psychology has taken hold across cryptocurrency markets. The Crypto Fear & Greed Index has collapsed to readings between 21 and 27, firmly establishing what market participants term “extreme fear” conditions. This represents a stark reversal from the outright greed that characterized market sentiment just weeks Read more...