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Ethereum (ETH) temporarily dropped below $3300.

As of 15:14 on the 23rd, Ethereum is trading at $3287 on the Binance USDT market, down 1.38% from the previous day. The recent cryptocurrency market has been on a downward trend following Federal Reserve Chairman Jerome Powell’s statement against Bitcoin (BTC) reserves.

At the same time, the ETH/BTC indicator, which shows the relative value of Ethereum compared to Bitcoin, fell to 0.03458.