The post Ethereum Price Prediction: Can ETH Price Fall Below $1000 appeared on BitcoinEthereumNews.com.

Bitcoin’s price has dropped to $61,500, the lowest since early May, and is down over 10% from its recent peak. At the same time, other major cryptocurrencies like Ethereum, XRP, and Solana have seen even steeper declines, causing the total market value to shrink by $200 billion in the past week. The second major crypto ETH is also dropping. Will ETH price fall below $1000? Let’s take a look at this Ethereum price prediction article in more detail. How has the Ethereum Price Moved Recently? ETH/USD Daily Chart- TradingView Today, Ethereum is priced at $3,332.52 with a daily trading volume of $24.88 billion and a market cap of $400.36 billion, holding 17.73% of the market. Its price has dropped by 5.53% in the last 24 hours. Ethereum hit its highest price of $4,867.17 on November 10, 2021, and its lowest price of $0.42 on October 21, 2015. The lowest price since its all-time high was $897.01, and the highest since then was $4,094.18. Currently, the market sentiment for Ethereum is bearish, and the Fear & Greed Index is at 51, indicating neutrality. There are 120.14 million ETH in circulation, with a yearly supply decrease of 0.24%, meaning 292,161 ETH were removed from the supply over the past year. Is Ethereum Price About to Implode Further? The response and market sentiment toward Ethereum spot ETFs have been less enthusiastic compared to the excitement seen with the launch of Bitcoin ETFs earlier this year. This observation comes from crypto entrepreneur and investor Andrew Kang, who shared a detailed analysis of the effect of Ethereum ETFs on X on June 23. While Bitcoin ETFs attracted numerous new investors, making it easier for them to include BTC in their portfolios, the influence of ETH ETFs is much more uncertain, according to Kang. Kang predicts…

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Filed under: News - @ June 24, 2024 11:28 am