A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
Bitcoin(BTC)$98,864.003.26%
Ethereum(ETH)$3,356.878.29%
Tether(USDT)$1.00-0.51%
Solana(SOL)$262.9010.92%
BNB(BNB)$635.354.81%
XRP(XRP)$1.3723.70%
Dogecoin(DOGE)$0.3949293.69%
USDC(USDC)$1.00-0.49%
Lido Staked Ether(STETH)$3,358.808.57%
Cardano(ADA)$0.8711.32%