Ethereum drops below $1,900; will NFTs save the day?

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Ethereum’s NFT space is witnessing a decline in the number of new and old sellers since 2022. ETH’s metrics also looked bearish.

Ethereum’s [ETH] Price PredictionAmidst this chaos, ETH bulls and bears were battling to flip each other while the token’s price struggled to cross the $1,900 mark.pointed out that ETH’s popular NFT collections like Bored Ape and CryptoPunks have seen a noteworthy 29% decrease in their floor prices.

Interestingly, this decline aligns with the overall marketplace activity in the Ethereum NFT ecosystem. In addition to that, CRYPTOSLAM’sThe same trend was also seen in terms of the blockchain’s total number of NFT sellers last month.

 

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