Ethereum (ETH) saw a 6% decrease on Tuesday amid a general downturn in the crypto market. Despite this, the Industrial & Commercial Bank of China praised Ethereum’s growth, calling it “digital oil.”
zkSync’s announcement of an upcoming airdrop launch faced criticism as only 695K eligible users were set to participate.
Algorand (ALGO) is on the brink of breaking below the daily support level at $0.161 on Tuesday, continuing its decline after being turned away near $0.200 on May 27. Both the Relative Strength Index (RSI) and Awesome Oscillator (AO) indicate a bearish trend.