Ether (ETH) traded at $3,311.97 on Tuesday, November 26th, marking a decline of $111.53 or 3.26% from the previous trading session.
Ethereum down as market sentiment eases
Over the last four weeks, Ether has faced a sharp drop, losing 32.12% of its value, reflecting the ongoing volatility in the cryptocurrency market. However, looking at the past 12 months, Ether has still shown significant growth, rising by 64.33% over the year, highlighting its long-term potential despite recent setbacks.
What to expect
In terms of future outlook, Trading Economics' global macro models and analysts' projections suggest that Ether's price may decrease further, with an estimated value of $2,491.42 by the end of this quarter and $2,138.84 in one year. These forecasts are based on current market dynamics, including regulatory trends, technological advancements within the Ethereum network, and broader shifts in investor sentiment towards cryptocurrencies. The outlook indicates a possible continuation of the downward trend in the short term, though Ether’s long-term growth potential remains significant given its foundational role in the decentralized finance (DeFi) space.
