Ethereum ETH Lowe's Luna

ETH darlings need to know this before they open a position this bear season

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Ethereum investors continue to show faith in their loved altcoin even after the recent crash. Despite the macro headwinds, ETH is now ranging above $2,000 repaying the faith of the investors.Now, the pertinent question remains- Is the Luna debacle still affecting Ethereum?The recent slump caused a major worry in the Ethereum community which saw one of the biggest capitulation events.

The fears were legitimate with DeFi and NFT markets falling after the crypto crash.Ethereum exchange outflow saw an increase on 12 May, the volume reached a 4-month high at $47 million.

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