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Ethereum (ETH) Drops Below $1700 After Declining 3%

Ethereum (ETH), the second-largest cryptocurrency, has dropped below $1700 again, with a decline of over 3% in the last 24 hours. ETH has been oscillating between $1600 and $1700 for the past few weeks. However, it exceeded $1700 last week. Ethereum has traded around $1600 for the past few weeks. On August 29, ETH experienced a sudden price surge, surpassing $1700. ETH has traded above $1700 with an uptrend for a few days, reaching $1741. However, the price surge didn’t last for long. Ethereum has shown a downward trend again, resulting in a price drop below the $1700 mark. At the time of writing, Ethereum has been trading at $1,649, with a decline of over 3.04% in the last 24 hours.


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