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Ethereum’s Price Plummets to $3,117 Amidst Recent Market Volatility
In the past seven days, Ethereum’s price has taken a significant hit, falling to a low of $3,117 in market trading. This sudden downturn has raised concerns among investors and analysts alike.
Despite this recent decline, some experts are predicting that ETH could potentially rebound soon. According to a report by U.Today earlier today, if the asset can breach its $4,000 level, it may be poised for further growth.
In related news, BlackRock’s Ethereum ETF market has reportedly seen significant inflows of capital. The asset manager attracted a staggering $43.9 million in net assets on December 24th, bringing its overall holdings to an impressive $3.65 billion.
While many are hesitant to invest due to the recent volatility, some analysts remain optimistic about the future prospects for Ethereum’s value.
Source: u.today
