{"id":606284,"date":"2024-05-02T22:00:41","date_gmt":"2024-05-02T22:00:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606284"},"modified":"2024-05-03T01:27:34","modified_gmt":"2024-05-03T01:27:34","slug":"ethereum-has-been-a-major-disappointment-trader-weights-in-on-this-crypto-cycle","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-has-been-a-major-disappointment-trader-weights-in-on-this-crypto-cycle\/","title":{"rendered":"Ethereum \u201cHas Been A Major Disappointment\u201d: Trader Weighs In On This Crypto Cycle"},"content":{"rendered":"
This crypto cycle achieved some remarkable feats during Q1 2024, including the highest monthly and quarterly close in Bitcoin (BTC) history. However, BTC suffered a retrace that dragged Ethereum (ETH) and the rest of the crypto market down as the year’s second quarter started.<\/p>\n
Now that we are one month into Q2, the market faces another correction. The most recent retrace became the deepest of the cycle, with Bitcoin nosediving into the $57,000 support zone and Ethereum falling below $3,000. Despite the market\u2019s stumble, analysts remain optimistic for what\u2019s to come.<\/p>\n