Like Pandalela who jumped and then got up to take home the gold. '
On May 28, the Ethereum (ETH) currency made its 14 -month low of $ 1,722.80.
Worsening the situation for ETH which still remains behind Bitcoin (BTC), saw the Fear and Greed Index gauge was on the side of ‘Extreme Fear’ with a score of 23.
As of the 24 -hour period on May 28, ETH has made a jump of 6.1% even though on a weekly basis the cryptocurrency has declined by 7.5%.
As for the monthly policy, ETH has declined by 32.5%, to its lowest level in 14 months.
According to some analysts, ETH showed ‘dramatically low’ profits over the past weekend and it is this that has caused its price to plummet.
Even so on today which is May 30, as of this writing ETH is seen rebounding to trade at $ 1,901.22 with a trading volume of $ 14,376,217,770 or a jump of 6.77%.
Based on that trading volume, ETH’s market capitalization stands at $ 230,686,476,971.
One news that might cheer the mood is the major update that Merge users have been waiting for.
It is understood that Merge will combine the ETH mainnet with a proof-of-stake beacon chain system, which will end proof-of-work for the cryptocurrency.
