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Ethereum Price Analysis: ETH Plunges Below $300, But Gains Momentum Against Bitcoin

Ethereum Price Analysis: ETH Plunges Below $300, But Gains Ground Against Bitcoin

Ethereum has been slipping over the past 24 hours, falling by 4% back below the $300 mark and currently trading around $293. The recent decline is mainly due to Bitcoin’s falling back toward the $11,000 level. Ethereum currently boasts a $31.5 billion market cap which puts it in second place among the top cryptocurrency projects.