Ethereum (ETH) Drops to $1,655, Dropping to Lowest Since March 2021

Ethereum (ETH), the second largest cryptocurrency by market cap. Dropped to an intraday low of $1,655 on the exchange. Binance This is the lowest level since March 28, 2021.

As a result, the price of ETH is now down 65.56% from a record high of $4,878 reached in November last year.

Meanwhile, the price of the leading cryptocurrency, Bitcoin (BTC), has fallen below $29,000 once more, with the crypto market tumbling after US inflation hit a 41-year high in preparations for adjustments. Raise interest rates this year

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