2 Reasons Why Ethereum Slumped 6% Today
As of 2 p.m. ET, Ethereum (CRYPTO: ETH) is among the leading cryptocurrencies investors are seeing fit to sell, in rather abrupt fashion. This token is now down 6.1% over the past 24 hours, and has now come down more than 25% from its all-time high set just a few months back in August.
Of course, zooming out on the chart above, it's clear that investors who have stuck with Ethereum over any extended period of time are doing just fine. This token has seen plenty of double-digit declines in the past. But it's also one I'd argue should play a role in a well-diversified portfolio, at least for those who don't mind a slightly higher risk profile overall.
Let's dive into what's behind Ethereum's decline today and where this token may be headed from here.
Source Fool.com
