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Ethereum Price Signals Extended Decline, $1,700 Comes Into Focus
Ethereum price printed red for the seventh successive session in a row, signaling an impending break below the 1,800 support. It was the first such extended decline since August 2024, with the price having previously formed a death cross (the 50-MA crossing below the 200 MA line). The Ethereum price decline is also reflected in the Decentralised Finance (DeFi) market where its Total Value Locked declined by 7.3% in the last month to read $48.9 billion as of this writing. That denotes reduced utility for ETH, which limits the probability of a near-term reversal. Crypto prices are staring at an extended downtrend as ... (full story)
