There is a high probability that it will, and it is not far from a collapse.

Ethereum’s valuation has hovered between $3,000 and $4,000 since reaching a high of $4,100 in December 2021. However, Ethereum prices have fallen sharply in recent days, reaching their lowest point in three months. According to Bitui terminal data, the current transaction price of Ethereum is $2,549.

Furthermore, the collapse is not limited to Ethereum. Bitcoin has also declined in value over the past three months. After a year of significant gains and new highs, the cryptocurrency appears to be experiencing significant volatility once again. A large portion of the value reduction can be attributed to the emergence of the COVID-19 variant Omicron, which has affected overall market sentiment in the United States.

And Ethereum will not go anywhere in the near future