Ethereum Drops Below $2,900 Before Quick Recovery

Ethereum briefly fell below $2,900 on January 22, with a 3.66% drop in just one hour, followed by a quick bounce back, indicating short-term market volatility.

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Summary

Ethereum experienced a brief dip below $2,900 on January 22, marking a 3.66% drop in the past hour, according to HTX market data. The cryptocurrency’s price quickly recovered, showing intraday volatility in the market.

Terms & Concepts
  • Ethereum: A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps).
  • HTX: A cryptocurrency exchange providing trading data and market services for digital assets.