<ul><li>Ethereum's price has plummeted, triggered by a major hack and broader market downturn, with analysts predicting potential drops below $1,000.</li><li>The Federal Reserve's monetary policy is a key factor, with continued tight policy potentially driving ETH further down.</li><li>Some analysts see Ethereum as oversold and anticipate a potential recovery if it holds above $2,000 and market conditions improve.</li><li>For now, Ethereum remains under pressure, with a potential recovery towards the $3,500-$4,000 range if market conditions improve.</li></ul>

Ethereum Price Today: Can ETH Recover, or Is a $1,000 Drop Next?

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