Ethereum hovers just below $2,400 on Friday. The altcoin trends towards lower fees, and analysts at IntoTheBlock consider this as a key contributor to Ethereum’s underperformance.
Crypto Today: Bitcoin and Ethereum gain, XRP holds steady ahead of $1 billion options expiry Analysts say the market effectively “rejects the thesis of ETH as money,” in a recent newsletter, explaining the decline in Ether price. Bitcoin Weekly Forecast: Is BTC sell-off over? Bitcoin price declined over 6% this week until Friday as the escalation of the conflict between Iran and Israel added fuel to this sell-off.
Some analysts suggest that the rising geopolitical conflicts could further escalate, pushing Bitcoin prices even lower potentially to $55,000. However, from a technical point of view, bulls seem to be holding strong at a critical support level. Three reasons why Solana could see a double-digit decline Solana price appears to have found some support on Friday, recovering slightly from the sharp sell-off registered earlier this week.
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