Ethereum's Price Predicted to Fall Below $3.4K Amidst Market Correction

Is Ethereum's Future Below $3.4K?

Ethereum (ETH) has recently crossed the $3.4K mark, but analysts caution that it could soon retreat below that level. After a steep decline, Ethereum (ETH) showed signs of recovery but subsequently resumed its downtrend.

As of writing, Ethereum (ETH) trades at $3,407.13, hovering slightly above $3.4K. While it remains stable for now, a decline could be imminent. Investors may want to exercise caution with Ethereum (ETH) in the near term.

Polygon (MATIC): Nearing $1

Polygon (MATIC) is the native token of the Polygon (MATIC) blockchain, used for dApps, staking, and other functions. Built on Ethereum (ETH), Polygon (MATIC) has been trading below $1 since last week. It is currently edging closer to that mark, priced at $0.9982.

Despite being down approximately 6% from last week's high above $1, Polygon (MATIC) is expected to recover to that level soon.

Chainlink (LINK): Showing Positive Signs

Chainlink (LINK), a decentralized Oracle network built on Ethereum (ETH), has been enabling off-chain industries to connect to the web3 ecosystem. Chainlink (LINK) is currently trading on a positive note, valued at $18.43 per unit.

Compared to last week, Chainlink (LINK) has gained 0.22%, a modest but noteworthy increase given the broader market performance.

Veteran Investors Flock to Kelexo (KLXO)

Kelexo (KLXO) is a decentralized network built on Ethereum (ETH). Within the Kelexo (KLXO) ecosystem, users can invest in asset-backed short-term loans or obtain loans with flexible terms and no intermediaries.

Kelexo (KLXO) boasts low fees and unparalleled transparency in the market. Additionally, it offers instant deposits and withdrawals, expediting transactions. Users are also rewarded for milestones achieved on the platform.

Experienced investors have been accumulating Kelexo (KLXO) due to its attractive price and growth potential. In the second stage of its presale, Kelexo (KLXO) is priced at $0.05 per unit. Given the sellout in the first stage, investors should act quickly to secure Kelexo (KLXO) at this early stage. This presents an optimal entry point for maximizing returns on investment.

Discover More About Kelexo (KLXO)

For further information on the Kelexo (KLXO) presale, visit the project's website.

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