Ethereum (ETH) faced a downturn, dropping about 8% to $2,300 amid a broader market decline, influenced by rising interest rates and upcoming U.S. elections. Analyst Alan Santana noted a potential revisit to a support zone between $1,750 and $1,550 before a bullish surge towards $10,000. Other analysts echoed concerns about Ethereum’s long-term value relative to Bitcoin, with predictions of further declines before a possible recovery.
read more