{"id":596592,"date":"2024-03-06T20:00:53","date_gmt":"2024-03-06T20:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=596592"},"modified":"2024-03-06T15:12:47","modified_gmt":"2024-03-06T15:12:47","slug":"ethereum-recovers-from-dip-eth-hits-3900-for-the-first-time-in-two-years","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-recovers-from-dip-eth-hits-3900-for-the-first-time-in-two-years\/","title":{"rendered":"Ethereum Recovers From Dip: ETH Hits $3,900 For The First Time In Two Years"},"content":{"rendered":"

After Bitcoin (BTC) recorded a new all-time high (ATH), Ethereum (ETH) rallied above $3,800 before the price crashed over 10%. The second-largest cryptocurrency has recovered from the dip and reached $3,900 momentarily for the first time in over two years.<\/p>\n

Related Reading: The Ethereum Foundation Is Selling ETH Again, Is The Top In?<\/a><\/div>\n

Ethereum Recovers And Rallies to $3,900<\/h2>\n

On Thursday, Bitcoin reached a crucial milestone after breaking above $69,000 and recording a new all-time high (ATH). Before the euphoria was over, the flagship cryptocurrency\u2019s price started to drop, trading as low as $60,000. Since then, BTC\u2019s price has recovered to hover between the $66,000-$67,000 price range.<\/p>\n

Fueled by the bullish sentiment, Ethereum rallied above $3,800 before suffering a considerable price drop. The \u2018king of altcoins\u2019 lost momentum and shredded about 12% of its price to trade at a price as low as $3,360, according to CoinMarketCap data.<\/p>\n

After the dip was done, ETH started to show a recovery alongside Bitcoin. As reported<\/a> by NewsBTC, a crucial resistance level to clear during this recovery was $3,600. Ethereum surpassed this support level and has maintained its price above the $3,800 range during the last 4 hours.<\/p>\n

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JUST IN: $3,900 $ETH<\/a><\/p>\n

— Watcher.Guru (@WatcherGuru) March 6, 2024<\/a><\/p><\/blockquote>\n