The current price of Ethereum has dropped considerably, and if the bearish sentiment persists, it could fall to approximately 1,657 USD by October 2023. ETH’s market dominance has dropped from 17.32% to 7.39%, confirming underperformance in the market.
Ethereum’s futures buy volume is at a low of 6.17 billion USD, signaling weak buyer interest. Furthermore, large holders, or ETH whales, are selling more than they are buying, with a net outflow of -1.65k, reflecting a negative outlook for ETH.
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