Ethereum Crashes 9% In 1 Week: Will ETH Fall Below $2000?
Ethereum (ETH) is facing a steep price correction amid a larger market-wide dip. According to CoinGecko data, ETH’s price has fallen by 2.9% in the last 24 hours, 9.1% in the last week, 10.4% in the 14-day charts, and 11.8% over the previous month. ETH seems to be holding the $2100 price for now, but things could change over the coming days. Let’s discuss if the second-largest cryptocurrency could fall below $2000, or will Ethereum (ETH) see a rebound. Source: CoinGecko Is Ethereum Facing A Risk Of Falling Below $2000? Source: Pixabay Ethereum (ETH) last traded at sub-$2000 price levels in late March of this year. ETH and the larger crypto market have been making slight gains over the last few months. Bitcoin (BTC) saw a recovery from the $62,000 mark in February to $82,000 earlier this month. However, the upswing was cit short amid macroeconomic and geopolitical tensions. Ethereum’s (ETH) price dip is likely due to higher than anticipated inflation figures. The development has reduced...