ETH and the rest of the market have dipped, how low we go is a matter of sentiment, the sentiment isn't looking great at the moment. So be cautious if you're buying NFTs at the moment.

People will play hot potato faster than ever. and whales like machi big brother could dip the entire NFT market quite easily. i whipped up this chart and as NFTs are mostly in ethereum and the shanghai upgrade coming up (a lot of ETH getting unlocked, suspected selling pressure), these are the levels we could go to but could take a few months to get there.

We may even fill in the wicks around $880. sometimes the play is buy nothing, be patient if the NFT tumbles and pick up a blue chip NFT project at discount. if the Blur token keeps dropping in price, people will stop farming in Blur NFT exchange and the NFT market will have more selling pressure due to less liquidity.