Ethereum Price Plunges: Is $1,000 a Potential Bottom?

Ethereum prices have experienced a dramatic decline over the past three months, shedding more than 65% of their value, bringing us to a pivotal psychological threshold: $1,000. This plunge signifies more than just a correction; it echoes historical downturns in 2018 and 2022. As indicators edge closer to panic levels, the prospect of a definitive floor fuels both hopes of recovery and fears of prolonged investor capitulation.