Ether drops 2.55% to $3,269, forecast to reach $2,491 by year-end

On Tuesday, November 12th, Ether traded at $3,269.03, reflecting a decline of $85.43, or 2.55%, from the previous session.

Ether drops 2.55% to $3,269, forecast to reach $2,491 by year-end

In the last four weeks, Ether has seen a significant drop of 32.53%, highlighting recent volatility in the cryptocurrency market. Despite this, Ether has posted a notable gain of 58.74% over the past 12 months, showcasing its longer-term growth potential. However, market uncertainties, regulatory changes, and broader economic factors contribute to the ongoing price fluctuation. Looking forward, projections from Trading Economics' global macro models and analysts suggest that Ether could drop to $2,491.42 by the end of this quarter, with a further potential decline to $2,138.84 in one year.

Forecasts reflect crypto regulation, investor sentiment, and economic trends

These forecasts consider various factors, including the evolving landscape of cryptocurrency regulations, investor sentiment, and the broader economic environment.