ETH Price Drops Further Amidst Vitalik's ETH Transfers, Is Below $1500 Coming?
ETH Price Drops Continues While Ethereum’s price initiated a recovery wave, surpassing the $1,640 mark, it is encountering resistance at the $1,660 and $1,670 levels. The failure to breach the $1,670 resistance could lead to continued downward movement. ETH coin price is now trading at $1,642.67, with a 0.40% decline in the last 24 hours. advertisement Even with these variations, the Ethereum ecosystem’s expansion is still notable. Miles Deutscher, a well-known trader and crypto expert, draws attention to the quick growth of active addresses across Layer 1 and Layer 2 solutions, which reached a record high of 1.97 million. This positive perspective contrasts with the caution voiced by analyst Ali, who believes that Ethereum slipping below the $1,600 – $1,550 bracket might trigger a substantial correction ranging from 37% to 45%, with a target of $1,000. Recommended Articles ...