iEthereum USD Price & Performance (IETHUSD)

Ethereum's price has dropped over 11% to $1,900, driven by rising U.S. recession risks and bearish market trends. Massive liquidations of ETH-backed loans and a broader market sell-off have exacerbated the decline. Analysts warn of further downside, with technical patterns pointing toward a potential $1,700 level.12

XRP's price surge against Ethereum has reached a five-year high, fueling speculation it could surpass ETH in market capitalization. Analysts highlight a critical resistance level, which, if breached, could lead to significant gains. Ethereum's recent struggles may further bolster XRP's momentum in the cryptocurrency space.3

A leak reveals Russia is leveraging cryptocurrencies, including Ethereum, for international trade to bypass sanctions. The Bank of Russia plans to allow limited crypto investments, signaling a shift in regulatory stance. This development has added intrigue to the evolving role of crypto in global trade and finance.4