Ethereum (ETH) recently experienced a significant drop, falling below $1500, raising concerns about a potential decline to the $1000 level. However, the current price of ETH is $1585.82 with a market cap of $189.66 billion, indicating some recovery!

The decline is associated with the overall downturn in the crypto market and liquidations totaling $1.43 billion.

The trading volume for the last 24 hours is around $30 billion.

Forecast:

If ETH can hold its position above the $1550 mark, there is potential for recovery towards the $1700-1800 levels! Otherwise, a drop below the $1500 mark may occur.

This analysis is not financial advice. Please conduct your own research before making investment decisions.

#Ethereum #ETH🔥🔥🔥🔥🔥🔥