Ethereum Price Prediction as ETH Dips Below $1,500

Ethereum Price Prediction as ETH Dips Below $1,500- Check out the story here

[{"selector":"#anim-fc966f17-ff5f-4316-b110-d96fa4e6e538 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, fell under $1,500 and hit its lowest level in nearly a month in the $1460s on Monday. Arrow

[{"selector":"#anim-c48a97c9-855d-46fa-a187-9e750fccf57f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.451388679249256%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] At current levels in the $1,480s, the world’s second-largest cryptocurrency by market capitalization was last trading about 2.0% lower on the day, with losses from earlier monthly highs in the $1,700s now over 13%. Arrow

That still leaves the cryptocurrency up around 25% on the year, though gains such as these can quickly be given back in crypto markets.

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The cryptocurrency market continues to suffer from fears about aggressive US regulatory action.

[{"selector":"#anim-5c510601-b1b5-44d3-be86-7df59d0b99d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow

[{"selector":"#anim-73a3e49e-c292-41e8-845a-8c3188d5db29 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Reports surfaced over the weekend that the US SEC is going to sue US-based BUSD stablecoin issuer Paxos Trust Co. for breaking investor protection laws over offering stablecoins unregistered securities. Arrow

[{"selector":"#anim-93cb8c27-443f-41f5-bfa1-cd472ba658d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The move has drawn significant criticism from the crypto community, given skepticism regarding how investors can have an “expectation of profit” when buying a stablecoin like BUSD, which is designed to be stable in price. Arrow

[{"selector":"#anim-17d0dc37-64a1-4310-9da5-0a7f1b8f2ea9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.63390892262842%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] This comes after Kraken came to a settlement with the SEC and shuttered its crypto-staking program, which the SEC had also labeled as an unregistered security. Arrow

[{"selector":"#anim-aa788228-cacb-4328-b949-bbeb0f341d55 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Since the Ethereum blockchain’s switch to a proof-of-stake mechanism in September 2022, US regulatory action against staking services in the US is creating uncertainty for Ethereum network validators Arrow

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