Ether Falls Toward $1.7K as Bitcoin’s Price Drop Weighs on Broader Market
One analyst said markets priced in Ethereum's impending EIP upgrade earlier this year.
A theory about how NFT sales are sinking ether's price emerges in a dull market.
Bitcoin is holding up following a strong bounce from $30,000 support.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
The tech entrepreneur and provocateur said he personally owns bitcoin, ether and, naturally, dogecoin.