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Ethereum prices have retreated from the resistance level of $1670 against the US dollar. If ETH falls below the support level of $1600, it may suffer a significant blow

The rapid development of the encrypted world has led to the merger of Ethereum for a long time. However, it is less than a year since the network has fully transitioned to using Proof of Rights (PoS)

Compared to the dominant cryptocurrency Bitcoin, Ethereum's price hovers around the annual low point. This decline has been evident since September 2022, causing ETH to drop to $1594 at the time of writing this article

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

Ethereum is an open source public blockchain platform with smart contract functionality that provides decentralized Ethereum Virtual Machine (EVM) to handle peer-to-peer contracts through its dedicated cryptocurrency Ethereum (ETH).The concept of Ethereum was first proposed by programmer VitalikButerin between 2013 and 2014, inspired by Bitcoin, with the general meaning of "Next Generation Cryptocurrency and Decentralized Application Platform"

After several weeks of consolidation under important resistance levels, Ethereum's prices finally saw a significant decline.Although there are still many support positions available, ETH's situation does not look good

In recent weeks, Ethereum (ETH), the main asset in the cryptocurrency market, has not received a warm welcome from the market due to price declines and unstable on chain performance. Overall, the overall situation of the cryptocurrency market has not significantly improved, as most counterfeit currencies have not been able to maintain an upward trend

With the continuous development of the cryptocurrency market, Ethereum (ETH), as one of the most important blockchain platforms, has received much attention. However, in the past period of time, the price of ETH has been declining, and the market has raised concerns about its prospects

What is Ethereum (EHT):Ethereum is an open source public blockchain platform with smart contract functionality, which has its own cryptocurrency, Ethereum (ETH), and its own programming language, Solidity.The concept of Ethereum was first proposed by programmer Vitalik Buterin between 2013 and 2014, inspired by Bitcoin, with the general meaning of "Next Generation Cryptocurrency and Decentralized Application Platform"

The DOGE token has experienced a 1% price drop in the past 24 hours. Prior to today's decline, the Meme token returned to the top ten in cryptocurrency market value

The price of dog coins has been declining since July 25th, breaking below the level support level on October 9th, but still maintaining a long-term support level.The daily relative intensity index (RSI) shows a bearish trend

Data shows that since June, the trading volume of Dogcoin has decreased by more than 98%, indicating that investors have lost interest in this meme currency.The 7-day trading volume of Dogcoin has decreased to 37300 transactionsAccording to data from the market intelligence platform IntoTheBlock, activity on the DOGE network has indeed slowed down recently