The latest price action from the Ethereum daily chart shows it is nose-diving and could be starting a new downtrend. However, how Ethereum, which has only been compared to Bitcoin in the past few years, has continued to slow down in recent weeks is beyond baffling. Investors are continuously getting concerned about the future of this altcoin, as many believe it could lose its position in the coming month.
While Bitcoin market capitalization has shown strong resilience and huge growth in the last months, Ethereum has not moved much. Recent data about the coin market cap altcoins shows that other smaller altcoins are fast catching up to the Ethereum market cap. As other crypto assets like USDT and XRP continue to grow lately, Ethereum might soon lose its position as the second largest cryptocurrency.
While new tokens are continually added to the crypto market, a new panda meme coin is beginning to cause excitement. Hence, while Ethereum‘s fall continues to cause panic for investors, the new panda meme coin is setting a bullish excitement. Here are the details moving from Ethereum price today to the new meme coin investors believe could change meme coin investment.Â
Why Ethereum Might Fall Below $2,000 Soon
Following the Ethereum price today, it shows a setup typical of a crypto asset on a bearish path. The Ethereum price has followed a consistent drop for quite some time, showing a strong downtrend on the 4H, daily and weekly charts. Today, it is at $2,656, which follows the downtrend, with an over 18% price drop in the last 30 days.
As the Ethereum price today continues to trade below the 7, 50 and 100-day Moving Average, experts believe it could reach $2,000 before reaching strong support. This is as the price continues to show a long-term break of support. Following today’s setup, investors’ trust is continuously dropping, which might spell a further route to the bottom for the Ethereum coin.
Why This New Meme Coin Discovery is Causing Excitement For Investors
As the crypto market continues to decline following the early meme coin boom in January, Panshibi is reigniting this fire with better profit potential. The Panshibi meme coin has been tipped to be a major market mover this 2025, with experts speculating an ROI of up to 145,000% after launch. However, more interesting is how the Panshibi meme coin is set to see up to return huge gains during its presale.Â
The Panshibi presale is on a 60-day presale round. There are 15 stages designed for the presale round and the price is set to go higher after each round. The Panshibi meme coin is a cross of Panda, Asia and Memecoins in what is set to be the biggest Asia-theme meme coin this year. Adopting the panda face, which has grown to be the people’s favorite from China, has set the Panshibi meme on a path of high acceptance.Â
The Panshibi meme coin is setting a more transparent tone for the meme coin market, following a full smart contract audit and a 10-year liquidity pool lock. The team has also decided to lock the team token, about 5% of the total supply, for 2 years while giving up 60% of the Panshibi token for presale. This makes it a bigger community-owned meme coin set to see it compete with top meme coins like DOGE and Shiba Inu after it launches.
You can get your stake in the Panshibi token in its presale from the project link below.
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