Ethereum (CRYPTO: ETH) has plummeted alongside Bitcoin in early Monday trading, defying fundamentally bullish announcements of key network rollup upgrades aimed at improving scalability and reducing fragmentation.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Ethereum (CRYPTO: ETH) | $3,103.12 | $374.2 billion | -6.1% | -7% |
| Bitcoin (CRYPTO: BTC) | $100,562.91 | $1.99 trillion | -4.1% | -6.7% |
| XRP (CRYPTO: XRP) | $2.88 | $165.8 billion | -7.8% | -12.6% |
Trader Notes: Crypto trader Bluntz Capital is taking a long position on ETH, citing an “easy invalidation setup” and negative funding rates.
He anticipates a rebound to at least $3,700, at which point he plans to reassess.
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