HomeUncategorizedEthereum price falls below $1.1K and data suggests the bottom is still a ways away By Cointelegraph

Ethereum price falls below $1.1K and data suggests the bottom is still a ways away By Cointelegraph

June 15, 2022

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Ethereum price falls below $1.1K and data suggests the bottom is still a ways away

Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021.

More importantly, Ether has underperformed (BTC) by 33% between May 10 and June 14, 2022, and the last time a similar event happened was mid-2021.

price at Binance, 2021. Source: TradingView
network daily active addresses, 7-day average. Source: CoinMetrics
Ether/USD price at Coinbase (NASDAQ:), 2021. Source: TradingView
Ethereum network daily active addresses, 7-day average. Source: CoinMetrics
Ethereum network total value locked, USD. Source: Defillama