Ethereum drops below $1,900; will NFTs save the day?
Ethereum’s NFT space is witnessing a decline in the number of new and old sellers since 2022. ETH’s metrics also looked bearish. ...
- ETH's NFT collections such as BoredApe and CryptoPunks have seen a drop in their floor prices.
- ETH's on-chain metrics suggest that investors should wait for another price pump.
- ETH's NFT sales volume and number of NFT sellers have declined over the last 30 days.
- ETH's number of new and old NFT buyers has been on a declining trend for multiple months.
The article presents a concerning outlook for ETH's performance in the NFT ecosystem, with a drop in prices and declining metrics. However, there is also evidence of investor confidence and accumulation of the token.