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Ethereum Price Prediction as Market Sell-Off Sends ETH Below $1,800 Level

The price of Ethereum (ETH) has dropped by 6.5% in the past 24 hours, with its fall to $1,637 coming as the cryptocurrency market continues to suffer losses amid regulatory uncertainty. ETH is now down by 11% in the past week, although it does remain up by 52% in the last 12 months, with the coin having recovered relatively well since the start of the year. But with the SEC's recent enforcement actions causing a mix of investor panic and liquidity loss, ETH has plunged below a couple of important support levels in the past few hours, raising the possibility of further falls to come. However, Ethereum's fundamentals remain strong.

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