A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
Bitcoin(BTC)$95,417.00-1.62%
Ethereum(ETH)$3,306.81-1.77%
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XRP(XRP)$2.22-0.93%
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USDC(USDC)$1.000.21%
Lido Staked Ether(STETH)$3,296.09-1.90%
Cardano(ADA)$0.89-2.67%