A cryptocurrency analyst and investor, Ethereum 
$2,447He stated that (ETH) is poised to fall to recorded levels in late 2023. The analyst, known as Capo, told Telegram subscribers that Ethereum could fall over 26% from current levels.
Current Status of Ethereum
Capo stated that Ethereum has been hovering between $2,000 and $2,800 for two months and that this is an accumulation range. However, he stated that, according to recent analysis, there may be a final decline in the $1,800 – $2,000 range, followed by a rise.
According to the analyst, the decline of Ethereum may lead to the decline of altcoins, and this may pave the way for the start of a healthy altcoin season in the future. Capo said this potential decline could cause a 20% – 40% decline in altcoins, which could be similar to the Covid crash.
“If this potential shakeout materialises, altcoins should fall between 20% – 40%. Don’t be afraid of this. “It would probably be one of the best buying opportunities anticipated in months.”
Future of Bitcoin
Bitcoin (BTC) 
$62,753 Regarding , Capo described its rise above $60,000 earlier this week as a “dead cat bounce.” This term refers to the situation when the price rises and declines again after a downtrend. Capo stated that Bitcoin has formed a local top and will continue to decline within this week:
“The first move has been made. “We should now see a local top formation here and the decline should continue this week.”
According to the analyst’s predictions, the movements of leading cryptocurrencies such as Ethereum and Bitcoin may also affect the overall crypto market. This situation shows that investors need to be careful. The analyst used the following words on the subject:
“Movements of Ethereum and Bitcoin may drive the crypto market in general and investors may need to adjust their strategies accordingly.”
Capo’s analysis indicates that fluctuations may continue in the cryptocurrency market. It is important for investors to follow market trends closely and be prepared for possible risks.
Expectations and Strategies
The analyst recommends that investors take strategic steps and seize opportunities in such volatile markets. In addition to acting cautiously, especially during downturns, it is important to follow market trends to evaluate investment opportunities.
As the market uncertainty continues, investors are advised to make informed decisions and avoid sudden moves.
Capo’s predictions can guide cryptocurrency investors to better understand the market and be prepared for future movements.
As a result, possible fluctuations in Ethereum and Bitcoin could also have an impact on the overall crypto market. It is important for investors to be careful in this process and make strategic decisions by following market trends.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
