Ether worth dangers shedding the $1.6K assist as a number of ETH worth metrics decline

Ether’s worth surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to handle the insolvency of Silicon Valley Financial institution. Since then, Ether’s (ETH) worth has persistently maintained a every day closing worth above $1,600.

Nevertheless, buyers at the moment are casting doubt on Ether’s skill to maintain this assist degree, given the prevailing bearish sentiment within the cryptocurrency area and declining metrics on the community.

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