💥💥💥💥💥TP2 reached! and almost touching TP3!

As of early September 2024, several recent occurrences have impacted Ethereum:

1. Regulatory Scrutiny: Increased regulatory scrutiny in major markets, such as the U.S. and the EU, has raised concerns about potential new regulations affecting Ethereum and the broader crypto market. Discussions around stricter compliance requirements for DeFi platforms have particularly drawn attention.

2. Network Congestion: There have been reports of network congestion and higher gas fees due to increased activity in the Ethereum ecosystem, which can affect transaction costs and user experience, potentially influencing Ethereum's price.

3. Security Exploits: Recent exploits or vulnerabilities in Ethereum-based projects or smart contracts have raised concerns about the security of the Ethereum network, impacting investor confidence.

4. Market Volatility: Broader market volatility and corrections in the cryptocurrency sector, often influenced by macroeconomic factors or changes in investor sentiment, have affected Ethereum's price performance.

Expect Etherium to drop to:
TP1: 2401
TP2: 2366
TP3: 2298

Always invest what you are willing to lose. Invest in spot if you want it safe! Always do your research!

#BTC☀ #ETHETFsApproved