How far ETH possibly drops its price?
TBH, no much funds to buy Ethereum but I always allocate money for Ethereum.
Yesterday, I set an order buy at $3.400 but it didn't reach the price. If there is good news and Bitcoin can cross $70k again, it seem difficult to see a deeper decline in the near future.
And in the end, a few days later, the price of ETH dropped again and reached $3.8k. Indeed, recently, the crypto market has experienced quite a deep downturn. It's just that, as usual, it happens in just a few days and it will even increase again in the next few days. It's just that, perhaps this problem really requires extra efforts. because the rate of increase cannot be as fast or as large as the market drop. Indeed, if compared with the previous 7 days, the market in these 7 days experienced quite a significant decline, some cryptos even had more than -10%, this followed the market crash of Bitcoin.
Luckily, for now, the market is trying to rise again. Several altcoins have also started to rise, although only a few percentage points and have not yet returned to their original prices before the crash. but for ETH, this is a very good and significant thing. Because currently, the price development has increased quite a lot, even up to +2.8 in the last 24 hours.