Ethereum Faces Sharp Weekly Drop 📉

Ethereum's price plunged nearly 20% in the week ending March 9, its steepest weekly decline since November 2022, according to Coindesk. This sharp drop shattered the bullish trend line that had formed after the collapse of Terra's algorithmic stablecoin UST in June 2022, an event that had previously led to substantial investor losses.

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Ethereum experienced a significant price drop, decreasing by 16.47% to a value of $2110.01. This represents a substantial downturn in its market value.

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