Ethereum (ETH) Price Predicted to Drop to $1K Due to FTX Creditors’ Sales

In its latest prediction, Matrixport, a financial services network, released a report forecasting a dramatic dip in Ethereum’s prices, potentially to $1K, catalyzed by FTX creditor liquidation.

Per Matrixport, ETH revenues have been disappointing, as the coin broke below the $1,650 and $1,600 supports. Matrixport cautioned of possible decline towards and below $1,500, potentially heralding a nosedive to $1,000, based on the Ethereum ecosystem’s revenue projections.