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Analyst say Ethereum price could fall to $1,700 if the current climate prevails -Breaking

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© Reuters

(BTCEther (ETHThe current volatility is still affecting the price of Bitcoin. This has led traders to rethink their short-term outlook and go back to the drawing boards. Bitcoin briefly traded on Feb. 17 Below $40,000Ether and Ether were unable to support the $2,900 price point, raising the likelihood of a decline to $2,500

From Cointelegraph Markets ProAnd TradingViewThis shows that Ether, which had been hovering around the $2900 support level during morning trading, was struck by a wave selling, dropping it to an intraday lowest of $2752.

ETH/USDT 1-day chart. TradingView
1-day chart. Source: Twitter
ETH/USD 4-hour chart. Source: Twitter
ETH/USD 1-day chart. Source: Twitter