The article states that a well-known crypto analyst is bearish on Ethereum despite its recent strength. The analyst suggests that the Ethereum/Bitcoin pair could fall by up to 20% and that Ethereum could pull back by up to 24% against the US dollar if it fails to break the $4,000 resistance level. The analyst also believes that Bitcoin is primed for a significant price correction before it can rise higher, although they still expect it to eventually reach $100,000+. At the time of writing, Ethereum is trading at 0.0369300 BTC ($3,568) and Bitcoin is trading at $96,809.
- Content Editor ( dailyhodl.com )
- 2024-11-30
Crypto Analyst Issues Ethereum Alert, Says ETH Approaching the First ‘Trouble Area’ – Here Are His Targets