Ethereum’s price has declined to 4,150 USD, a 4.5% drop from its recent high. This decrease is linked to an approaching supply unlock of 4 billion USD and a significant exit queue on the Proof-Of-Stake network.
Investors are cautious as they anticipate the Federal Reserve’s Jackson Hole meeting. Network activity is decreasing, and outflows from Ethereum ETFs reached 197 million USD, reflecting a slowdown in investor interest in Ethereum.
Experts believe that despite the current uncertainties and pressures, Ethereum still has strong potential for long-term growth. They expect Ethereum’s value might reach between 6,000 USD and 8,000 USD by the year’s end.
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