Anti -Bitcoin Peter Schiff made predictions that new decreases in Ethereum’s price could be experienced. Ethereum expects Ethereum to go down to $ 1,000 in line with the recent decline tendency and technical indicators. The statements emphasized the possibility of descending under the level of sudden price decreases and psychological resistance levels of 20 percent in recent days.
Ethereum Scenario
Schiff said Ethereum’s latest price movements support the trend. The technical appearance followed by the analyst is that the token has declined below $ 1,500 in two years and that it can go to $ 1,000 in a short time. These predictions are supported by the effect of general market fluctuations and macroeconomic uncertainties.
Recently, Ethereum has experienced sudden and sharp decreases; The lowest level per day was recorded around $ 1,400. Price correction indicates that the sales pressure on the market will continue. Thus, technical and foundation -based analyzes created question marks in the minds of investors.
Peter Schiff: “Ether has been down $ 1,500 for the first time for two years. So far Intraqay low level of $ 1,400, 20%decreased. We can see the level of $ 1,000 in a short time.”
Technical Analysis and Comparison
The comparisons revealed that Ethereum performed weaker in both BTC and Gold. The decline in ETH/BTC graphics indicates that the sales pressure on the market is increasing. Past market movements suggest that Ethereum may fall below $ 1,000 in similar periods.
Peter Schiff: “He was able to maintain around $ 1,000 in June 2022. Bitcoin pricing and even the graphic against gold is much worse.”
Although some investors share the view that Ethereum can reach certain levels despite the current decrease, the global trade crisis is something that crypto currencies have not experienced before. Since we see something of the kind that will be encountered once in life for many people, this may have surprising consequences in crypto currencies.
Schiff’s statements have similar pessimism for Bitcoin. Essentially, Peter often makes such estimates, which shows a negative approach to all crypto currencies. For decades, trader is called the “Golden Beetle ve and is interested in more traditional investment instruments.
The explanations indicate that investors should be cautious when following the market. It is emphasized that predictions can be realized under uncertain market conditions and technical indicators can change constantly.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
