I follow many observations made by the analyst of Bitcrypto on Twitter and I agree with what he said about eth in his last tweets. Ethereum is in a bearish trend for a while.
As a user who also follows FXStreet analysts, I can say this. I believe that the ongoing sharp correction in the cryptocurrency market and the macroeconomic environment may further deepen the decline in the ETH price.
A lot of adjustments have been made in the Ethereum ecosystem, but they still can't stop falling.
Ethereum's Ropsten testnet was a milestone and a major success for the altcoin, and they succeeded. However, the decision to postpone the most important updates for 3 months continues to reduce the separatist and negative opinions within the community and therefore the prices.
See you soon on good financial news.