Ethereum Loses 22% in a Month: Could Get Worse

Ethereum has declined 22% over the past month, alarming investors. The sharp drop is linked to broad selling pressure in the market and uncertainties in the cryptocurrency sector. Analysts point to macroeconomic factors and regulatory developments behind the decline. Technical indicators suggest Ethereum could fall further. In particular, the bearish crossover of short-term moving averages and declining trading volume indicate that selling pressure may persist. Experts note that the $1,500 level is a critical support point, and a break below this level could accelerate the decline. Market sentiment is cautious regarding Ethereum's future. Investors observe that the slowdown in decentralized finance (DeFi) and NFT sectors is negatively impacting Ethereum's network activity. Additionally, the rising popularity of rival blockchain networks threatens Ethereum's market share. Short-term recovery prospects appear weak. However, analysts optimistic about Ethereum's long-term potential view the current decline as a possible buying opportunity. Still, due to market uncertainties, investors should remain cautious. This is not investment advice.