Ethereum Price Analysis: ETH Plunges Below $3K But What’s the Lowest it Can Go?

Crypto Blog

Ethereum’s price has been going through a frustrating consolidation period over the past few months following the price’s failure to break above the $4,000 resistance level.

The reason for this assumption is that the price has corrected almost 70% of its recent rally and is inside the Fibonacci retracement golden zone. Analyzing the fundamentals of the Ethereum network would be very beneficial for understanding the market dynamics. It provides an idea of the aggregate behavior of market participants.

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