Ethereum $ETH has experienced a notable decrease in its value recently. Currently, its price is 2,823.28 USD, with a drop of 300.03 USD (-9.61%) since the previous close. During the day, it reached a maximum of 3,157.75 USD and a minimum of 2,798.42 USD.
This downward trend can be attributed to several factors:
1. Underperformance against $BTC : Ethereum has shown inferior performance compared to Bitcoin, especially after the approval of spot Bitcoin ETFs in January 2024, which has diverted attention and capital towards Bitcoin.
Will the blood continue down to 2690 $USDC ?
