Ethereum Plummets 1.09% as Market Participants Take Profits
Ethereum's price took a hit on September 1, dropping by 1.09% to $2,443.3, according to TradingKey.
The downward trend was triggered by market participants taking profits after an unsuccessful attempt to breach key psychological levels.
This rejection at overhead resistance led to short-term position unwinding and amplified by notable on-chain exchange inflows.