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Analysts say Ethereum price must hold this key level to avoid a capitulation-like move -Breaking

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Analysts claim that Ethereum’s price should remain at this critical level to avoid capitulation.

As the fallout of the’s LUNA/UST failure continue to ripple through the ecosystem, the crypto market suffered another day in pain on May 12.

The coverage on UST (and its impact upon) is not limited to the United States.BTCThese () were extensively reported over the past days. The pullback also had a major impact on Ether’s prices (ETH() As traders rushed to exit the market.

ETH/USDT 1-day chart. TradingView
1-month chart. Source: TradingView
ETH/USDT 1-day chart. TradingView
ETH/USDT 1-week chart. Source: Twitter