Etherum price could crash at $ 1500 if loses key support

The Etherum price dropped three consecutive days, forming a pattern of death crossing and risk falling to $ 1,500.

Ethereum (El) He fell to $ 2,430 on Wednesday, more than 40% from its highest level in November. The coin fell and brought Bitcoin (Btc) and other main allcoini as an inflow that are cheered in the trading and challenges within the ecosystem in lasting.

Data from Tokenterminal It shows that the fees generated by Etrum continued to fall the last month. The net earned $ 9.8 million last week, significantly lower than last year’s week of over $ 217 million. Networks like a throne (Twitch), Jito (Jto), Solana (Salt) and Unisvap (Uni) This year, they surpassed Etherum in a generation of fees.

The position of Ethereum in decentralized finances also weakened, and the total value was locked 12.5% ​​in the last 30 days to 54.32 billion dollars. The largest player remains in the sector, with a market capitalization of Stablecoins increasing to $ 121 billion.

Etherum has also lost market share with its layer-2 networks, including base, arbitrum and optimism, which now process significant amounts of transactions. For example, the Coinbase base monitors more than $ 7.4 billion In the cripple volume in the last seven days, while the arbitrum recorded $ 5.7 billion. Earlier, this scope would be processed at Etherm.

Etherum price can crash at $ 1,500

The daily shows that Etherum formed a series of lower falls and lower high heights of the last weeks. The price fell from $ 4,000 in November to $ 2,400, forming a sample of death as a 200-day and 50-day movement of the movement section.

Worse, Etrereum dropped below 61.8% of retra-retrach for fibointments, a zone in which the most withdrawals usually occur. It was also moved below the level of resale level of Murrey Math Lines indicators.

As a result, there is a risk that Ethers will fall about 35% to $ 1,530, marking their lowest price since October 2023. Years. The probability of this red collision can be increased if Etherum falls below the current support level of $ 2,130, the lowest point to $ 2,130, the lowest point reached the lowest point in August.