Ethereum (CRYPTO: ETH) could drop to $1,500 before the repeatedly delayed Pectra upgrade launches in late April, according to MEXC Chief Operating Officer Tracy Jin, though long-term projections remain optimistic with potential $8,000 highs by year-end.
What Happened: The second-largest cryptocurrency has struggled in 2025, dropping 38% since January while investors redirect capital away from ETH exchange-traded funds. Network activity has reached historic lows despite past improvements in transaction speed and cost.
“A second decline to $1,500 by the end of the month is very likely,” Jin said, noting that despite transaction improvements, “the community has switched to using other blockchains.”
However, Jin highlighted positive indicators suggesting …
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