KHRIS CRYPTO

#ETHDropsBelow2400USDT ETH price collapsed below $2,400, but is Ethereum really dying? Let’s see Looking at the chart, it doesn’t seem so. First of all, ETH price is currently at $2,425 after briefly hitting $2,318. The Total Value Locked of Ethereum is down 3.1% on a 7D basis, with most of those losses being explained by the ETH price. At the same time, stablecoins are at a consistent level of around $144B, and transaction volumes are also relatively high. My attention is drawn to the level of $2,318 — a break could expose ETH to further downside. 📈 $2,400–$2,500 – if ETH manages to hold above this level, then the positive scenario is fully possible. In my opinion, this is more of a general market correction than a death spiral specific to Ethereum. However, it must be said that Ethereum is indeed underperforming compared to Bitcoin, so it is too early to talk about a recovery. Do you think ETH will be able to withstand a test of the $2,300, or a move back toward $2,500 level?$ETH