Ethereum (ETH) experienced a notable drop from 2,130 USD to 1,788 USD earlier this week, reflecting a decline of approximately 16%. Since then, it has been mostly trading between 1,800 USD and 1,900 USD as market sentiment fluctuates.
As of now, ETH is priced at 1,920 USD with a market capitalization of 231.3 billion USD. This reflects a downward trend of 10% over the past week and a staggering 60% decrease from its all-time high.
Looking forward, traders are anticipating a potential bounce back for ETH, focusing on the crucial benchmark of 2,000 USD, which requires a 10% increase. Upcoming factors like network upgrades may also influence future performance.
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