<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvZTA0NjM3YjgtMzMwZC00MjVkLThjNzYtZGI1MDUxMmU3Njk3LmpwZw==.jpg"></p><p>Multiple analysts believe that Ethereum price is likely to touch new lows near $1,600.</p>