ETH Price Tanks to $1,540 Amid Major Capitulation, Ethereum Reversal Possible?

The world’s second-largest cryptocurrency Ethereum has once again come under major selling pressure with the ETH price tanking over 2% and dropping all the way to $1,540 levels. While the Ethereum bulls tried to put up a major fight above the $1,600 level, they failed to regain the lost ground. On-chain data provider Santiment reported:

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