Ethereum Price Drops $200 In A Week. What Next For Top Crypto Coin?

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Updated: 22 July 2023

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Ethereum’s price dropped $200 last week, raising concerns about the top cryptocurrency’s future. The market is watching Ethereum closely to see how it bounces back and if it can keep its position as a top digital asset.

The crypto market is volatile; experts and analysts are watching Ethereum’s next moves to see if it’ll rebound. The sharp decline has sparked debates about the underlying reasons for the correction and how it might affect sentiment overall.

Ethereum currently stands at $1,886.30, with trades worth $4.174 billion in the last 24 hours. ETH’s price fell by 0.42% over this period. In the past week, the cryptocurrency has dropped by 2.81%.

Ethereum (ETH) Statistics:

ETH price now – $1888.50
ETH market cap – $226.988 Billion
ETH circulating supply – 120,196,782 ETH
ETH total supply – 120,196,782 ETH
ETH Coinmarketcap ranking – 2

Ethereum Price Drops $200 In A Week. What Next For Top Crypto Coin? — Source: CoinMarketCap

Ethereum’s 2023 Potential: Nearing a Major Milestone

A powerful player in the crypto world, Ethereum is causing waves in the third quarter of 2023. It’s about to hit a significant milestone, with its value hovering around $2,000. Ethereum’s potential is sparking excitement among enthusiasts and investors alike in the crypto community.

Ethereum’s current trading price of $1,886.30 holds some promise but faces some resistance. Breaking through $1,938.31 might be challenging but could pave the way for massive growth. Ethereum’s future may be defined by a crucial level of $2,021.77, indicating even more significant developments.

A breakthrough of $1,938.31 could lead to Ethereum’s value hitting $1,965 or $1,995. Keeping an eye on the market’s ups and downs will give clues about what’s coming.

Ethereum’s price might drop if it can’t overcome this resistance. Support at $1,872.51 and $1,828.65 could help stabilize its value in such situations. Monitoring market trends will let you know how Ethereum is doing and what’s affecting it.

Ethereum Alternative

Ethereum’s price is uncertain, making people wonder what will happen next. Many are choosing to wait and see before taking any action.

On the other hand, investors are enthusiastic about a new meme coin called Evil Pepe (EVILPEPE). The coin’s presale started a few days ago and has generated significant interest. They raised almost $319k in less than a week, selling each $EVILPEPE token at $0.000333.

Evil Pepe Coin Presale: Community-Centered and Transparent!

Despite its ominous name, the Evil Pepe Coin prioritizes its community, offering 90% of the token supply during the presale. The remaining 10% will be locked up as DEX liquidity for one month, ensuring smooth trading when the token officially launches on the Ethereum blockchain.

This is not a threat, it's a promise #EvilPepeToken #Presale is going on NOW!

Do not sleep on this one https://t.co/tSzIy5cOXV #Memecoin #Ethereum #ERC20 #ETH #Presalelive pic.twitter.com/m7vGlNaunG

— Evil Pepe (@evilpepe_token) July 21, 2023

In this unique presale, all $EVILPEPE tokens are offered at a fair and fixed price of $0.000033, so investors won’t face unfair price rises. Moreover, there won’t be any special treatment for insiders or the team, ensuring no massive token drops that could harm investors.

To add to the confidence, the team has decided to lock in the liquidity for one month, benefiting the Evil Pepe Coin community.

The team’s explicit goal is to reach a market cap of $100 million for their token, as stated in their roadmap in the project’s whitepaper.

If you want to buy the token, you can exchange ETH or USDT for it during the presale. The presale is ongoing for another 10 days, giving ample time to reach the project’s fundraising goal of $1.996 million. So, there’s still an excellent opportunity to participate and support the project.