Over the past four months, Ethereum’s daily active address (DAA) count has significantly decreased.
Notably, the price of Ether has been fluctuating between the $1,200–1,400 area for more than a month; while weekly trade volumes have decreased.
Thus, the downside goal for ETH is approximately $750, or 40% below the current price levels.
The volatility in the cryptocurrency market is at its lowest level in a very long time “We can see that there has been a positive connection for the past 17 months between the Nasdaq100 and Ethereum, which is currently close to its high at 0.61.