The performance of Ether (ETH) over the last three months has been less than satisfactory for holders, and the 50% fall since April 3 has prompted the altcoin to challenge the $1,800 support level for the first time since July 2021.
A breach below $1,700 on the downside could trigger another rapid drop. In the aforementioned scenario, the price might fall as low as $1,650. Any further losses may necessitate a transfer to $1,500.
altcoins from other blockchain networks supporting the decentralised finance industry have experienced deeper corrections in the recent 24 hour