ETH Price Can See 45% Correction if Ethereum Falls Under This
Popular crypto analyst Ali Martinez writes: “ Slipping beneath the $1,600 – $1,550 bracket for $ETH might set the stage for a significant 37% – 45% correction, targeting $1,000″. advertisement Courtesy: Ali charts The Ethereum network fundamentals are showing signs of lagging, indicating a bearish trend. The monthly average of active Ethereum ($ETH) addresses is below the annual average, suggesting limited on-chain activity. This is a common indicator of diminished network health and utilization. Courtesy: Ali charts Will Ethereum Futures ETF Save from the Possible Collapse? After Thursday’s price crash last week, the ETH price saw a partial recovery as reports emerged that the U.S. Securities and Exchange Commission would greenlight the Ethereum futures ETF. The Volatility Shares Ether futures ETF are likely to go live by October 12 as per the current schedule. But despite the optimistic Bloomberg report, on-chain data i...