Ethereum price is another latest victim of the violent cryptocurrency market pangs. ETH price has dropped significantly, slipping below $2K as the latest crypto market dumps took over the sector, wiping away trillions in their wake. This development is now impacting major crypto coins, with the Ethereum price taking a major hit in the middle. The token is down 9% in the last 24 hours, noting a 40% decline in its price in the last month. But is there more to ETH’s price? Will it crash even more than predicted price thresholds? Let’s find out.
Also Read: Ethereum Founder Vitalik Buterin Dumps $6.6 Million Worth of ETH
Ethereum Price Narratives: What Is Up With The Asset?
Ethereum has fallen 40% in the last month, down significantly from its earlier ATH of $4K. The token is expected to have sharp volatility as of late, with its momentum hitting new roadblocks each day. The token is now sitting at $1.9K, showing a wobbly road ahead, as markets try their best to regain their lost footing. Despite the buildable pressure on the asset, experts are stating that Ethereum may ultimately come out stronger than ever, with the tokenization elements involved keeping the asset afloat and steady in the long run.
The latest ETH fall is a result of its founder, Vitalik Buterin, selling 16,384 ETH, causing a temporary market mayhem. Buterin reportedly is selling ETH to solidify future plans for Ethereum, including robusting its stack software and hardware.
“If you’re wondering why Vitalik Buterin recently withdrew and sold some ETH. He withdrew 16,384 $ETH to personally fund open-source initiatives focused on creating a secure, verifiable, and open full stack of software and hardware. This includes areas like privacy-preserving technologies (e.g., ZK proofs, FHE, differential privacy), secure hardware, encrypted messaging apps, local-first software, operating systems, biotech (personal and public health), finance, communication, and governance tools.”
Ethereum Price Lowest Price Threshold
Per CoinCodex ETH stats, the Ethereum price has already hit its lowest price point of $1.9K. If the markets stabilize soon, then the token can pick up pace, hitting $2k to ultimately claim the $3.9k mark by 2030.
“Ethereum is forecasted to hit $ 2,263.52 by the end of 2026 (+16.69% compared to current rates), $ 3,947.85 by 2030 (+103.52%), $ 6,453.73 by 2040 (+232.70%), and $ 9,495.07 by 2050 (+389.48%). All values represent end-of-year price estimates according to our models.”
Also Read: Ethereum Rethinks Layer-2? Vitalik Flouts New Roadmap as Price Drops
