Ethereum’s recent drop can be attributed to rising geopolitical tensions after U.S. Strikes in Iran, causing a sell-off that pushed ETH’s price down. Simultaneously, Bitcoin’s market dominance has surged as investors seek safety amidst uncertain conditions.
Analysts predict ETH could dip to $1,800 if it fails to regain key support levels. Despite minor improvements indicated by the RSI, there remains a bearish outlook for Ethereum in the near term as Bitcoin continues to dominate the crypto market.
Leave a Reply