Krutika Adani
In the last seven days, Ethereum has seen the erosion of $32 billion from its market cap.
Ethereum’s price has again dropped down below $2500, and at press time was around $2386.
Several factors including low ETF inflows, Grayscale’s sell-offs, and a reduced on-chain volume have pushed ETH’s price down.
Though ETH faces some uncertainties in the short term, its long-term prospects remain strong. ETH will continue to play a central role in the world of crypto. This gives us a good accumulation opportunity.
After combating low volatility and low liquidity for over the last 200 days, Bitcoin now faces a situation that leaves it with uncertainty in the near term.