Ethereum crash: A lasting downtrend?





Ethereum (ETH) price: what is the current price?

Here is the live price of Ethereum.

At dawn on Sunday, the second cryptocurrency by market capitalization even fell below $950 on Coinbase, down 36% for a week.

#Cryptocrash ETH below €1,000 📉 For the first time since January 2021, #Ethereum falls below the symbolic threshold of €1,000. Psychological shock to be expected? 🧐 Tell me what you think 👇 #Sorare #Crypto #ETH https://t.co/n1Uo0kNHHy

A lasting downtrend?

Ether’s triple-digit trading price is hardly a surprise to market analysts. For several months already, the crypto has been on a downtrend which saw it cross, also down, the $2,000 mark last May. This situation is linked to the deep crisis that is currently going through the cryptocurrency industry and no clear indication is evident on the short-term evolution of this token.

However, in the long term, most analysts agree to predict a rally in Ether, especially since version 2.0, The Merge, is expected soon. In this context, Digital Coin Prices estimates that the price of ETH should breach the $1,516.41 level in 2023.

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Almaye
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