Recently, Ethereum (ETH) has plummeted below 1,500 USD, reflecting a larger decline of 16.3% over the past week. This significant drop surpasses the overall crypto market decline, which is at 9.5%.
Peter Schiff forecasts that ETH could test the 1,000 USD support level again, considering its fragile market structure. Amidst this, global markets are facing severe instability, with notable drops in various sectors.
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