Ethereum price falls 1.37% as whale sales and Glamsterdam upgrade delay fuel pressure

Ethereum , the world’s second-largest cryptocurrency by market capitalization, declined 1.37% over the past 24 hours to $2,320, amid widespread market sell-offs. This downturn followed the US Federal Reserve’s decision to keep interest rates unchanged at its October meeting, prompting investors to reassess macroeconomic risks. Signs of continued short-term pressure on Ethereum’s price remain visible. Crypto analyst Ali has projected that Ethereum’s price could decline further to $2,000, reflecting a potential additional drop of roughly 14% from current levels. Ali bases this forecast both on recent on-chain activity and the ongoing price action.

Source: CoinTurk News