Ethereum (ETH) has lost its $3,400 support level amid a market decline, with its price dropping by almost 15% over the last seven days. Despite this setback, Ethereum remains a dominant player in the crypto market, particularly in decentralized finance (DeFi) and non-fungible tokens (NFT).
Key Highlights:
- Ethereum’s Price Drop: ETH’s price has declined by almost 15% over the last seven days, reflecting an industry-wide slump.
- Ripple’s Resilience: Ripple (XRP) has shown signs of recovery, with its price currently around $2.18, reflecting a modest price change.
- Ripple’s Legal Victories: Recent legal victories have reinforced crypto fan confidence in XRP, leading to expectations of a significant recovery in the months to come.
- Ripple’s Stablecoin Launch: Ripple launched a stablecoin, RLUSD, last week, aiming to compete with established players in the stablecoin market.
Source: Nairametrics
