Ethereum (ETH) has revisited yearly lows after losing the key $2,000 support, registering its worst performance in years. Some analysts forecasted another 15% drop if the trend continues but suggested that ETH could see a bullish end-of-year.
Ethereum Hits 17-Month Low
Ethereum experienced a 15% correction on Monday, falling from $2,150 to $1,810. ETH’s performance followed Bitcoin (BTC) and the rest of the market’s pullback, which saw the flagship crypto drop to $76,000 for the first time since the post-election breakout started.
As the retrace continued, the second-largest cryptocurrency by market capitalization dropped to its lowest level since November 2023, touching the $1,750 mark before recovering the $1,900 support.
Some market watchers pointed out that Ethereum has been in a three-month downtrend, retracing around 53% since its December peak. Trader Crypto Rand noted that the King of Altcoins has 20 days “to turn green,” or “it will be the first time sin
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