Reasons for the low price of Ethereum despite the capabilities

• The price of ETHEREUM decreased to $ 2000, its lowest level in 16 months.
• The whale qualifiers and $ 168 million in ETH were eliminated within 24 hours.
• In the event of a failure to support $ 2,000, the ETH can decrease to $ 1,540 – or even $ 1,000.

The second largest market value of the cryptocurrency, the ETHEREUM price decreased to less than $ 2,000, and touched the levels of November 2023. The sharp fall, which decreased by 12.4 % in 24 hours, has left the eyebrows that were raised through the encryption community. But what caused the fall?

The latest price procedure comes in the wake of a passing optimistic attack after the former president Donald Trump’s suggestion to add Ethereum to a proposed encrypted currency reserve. While the news initially caused a march, short -term euphoria proved amid the prevailing market concern.

Some of the main reasons are responsible for the last ETHEREUM decline:

Overage economic uncertainty

External markets are in a state of chaos. Geopolitical tensions are increasing and the ideas of customs tariffs in the United States have reported a wave of aversion to risk. As the pattern was in the previous market sessions, the distinctive codes of encryption, as more dangerous assets, are the first to absorb shock.

Pisces qualifiers and lift the width. The data on the series shows that the ETHEREUM supplies on the central stock exchanges have recently reached the highest level ever at 16.2 million ETH over the past 12 months. Such height shows that senior holders sell their property, which amount to increased pressure. More than 160 million dollars were achieved from the long situations within one day, which increased the prices.

Detate technical indicators

Technical analysis indicates that Ethereum Price has created a dual pattern, a declining indicator that pays prices even if the support of $ 2000 is broken. Analysts speculate at $ 1,540 support levels and even less to $ 1,000, while increasing disturbing predictions to $ 174 in 2020.

Increase competition and network restrictions

ETHEREUM is also undergoing a more development and faster Blockchains threat. Layer-2 networks also brought traffic out of Mainnet from Ethereum, which has removed direct demand on ETH. Although Ethereum moved to the proof of creativity, inflationary trends have leaked with the growth of the show by 0.37 % since April 2024.

Despite today’s difficulties, the Ethereum future looks bright with precautions. Exchange reserves decrease again, indicating a long -term shift. Future network promotions such as EIP-7781 focus on scaling improvements and lowering ETH by burning more fees.

Others believe that if the adoption is accelerated and the price of the ETHEREUM is recovered as large resistance levels such as $ 2800, it can bounce strongly. The bullish estimates are witnessing that Ethereum will be broken to $ 7,000 by the fourth quarter of 2025. Although it depends on macroeconomic stability and increased institutional investment.

In total, while Ethereum Price may carry a rock extension driven by the forces of the external market, technical services. And the increase in the pressure pressure, is still a good criminal in the major Blockchain universe. Whether the matter is high or heading towards low support levels, it has not yet been identified through future economic signals and investor morale.

The encryption news was highlighted today

Network PI (PI) rises by 20 %, indicating up to upward indicators of more than $ 0.75

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