Ethereum Slides Below $1,500 as Support at $1,398 Faces Pressure

Ethereum’s price has fallen below the crucial $1,500 mark, sparking concerns of a deeper decline. With support at the $1,398 level under threat, analysts are closely watching for any further drops toward the $1,300 psychological barrier. The ETH/BTC ratio has increased by 3.7% while Ethereum’s value against the US dollar is declining, potentially signaling Bitcoin’s strength in the market.