Signs of fear emerge as Ethereum price drops below $3,000 again

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Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip.

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Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October.

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A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins.

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The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade.

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While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level.

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Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation.

The total value locked in DeFi protocols has surged 936% over the past 12 months.

Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth.

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Three bullish indicators converge as Ethereum’s native token, Ether, climbs over 9% on Oct. 1 to cross $3,000, a psychological resistance level.

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