Ethereum’s Struggle Continues: Can ETH Price Reverse Course?
The Price of Ether Continues to Plummet
The price of Ethereum’s native token, Ether (ETH), is currently trading at a 15-month low compared to Bitcoin (BTC). This is the lowest it has been since Ethereum switched to proof-of-stake (PoS).
What Does the Future Hold for Ethereum?
Many investors and enthusiasts are wondering if Ethereum’s downward trend will continue throughout the rest of 2023. In order to gain a better understanding of the market, let’s take a closer look at the charts.
Analyzing the Weekly Price Chart
The weekly price chart reveals valuable insights into the current state of Ethereum. By studying the chart, we can gather important information about the market trends and potential future movements of ETH.
Net Flows into Crypto Funds
Another aspect to consider is the net flows into crypto funds. This data provides further context and helps us gauge the overall sentiment towards Ethereum and other cryptocurrencies.
Get the Full Story on Coin Telegraph
If you want to delve deeper into the topic and stay up to date with the latest developments in the Ethereum market, head over to Coin Telegraph for more information.
Remember, investing in cryptocurrencies carries risks, and it’s important to do thorough research and consult with financial professionals before making any investment decisions.
