Ethereum Could Lose 80% of Its Current Value, Crypto Analyst Believes - BitcoinEthereumNews.com
अरमान शिरीनयान Ethereums drop below $2,000 sets it up for massive plunge, according to John Roque सबसे हाल ही में के अनुसार ब्लूमबर्ग article, John Roque from 22V research believes that Ethereum may drop to $420, which would be an 80% loss from the current price, and heres why. The trader believes that Ethereum, which is currently trading at around $2,000, is in the process of a breakdown from the support zone and will most likely plunge to $420. Roque highlighted a range in which $3,580 is considered the height of the range and $2,000 is the bottom. Source: 22v अनुसंधान With Ether dropping below $2,000, it no longer stays in the above-mentioned range; hence, will start falling to the next major chart support at approximately $420. As the second biggest cryptocurrency is losing a major portion of its value so rapidly, it obviously falls below all moving averages, including the 50-,100- and 200-day lines. The downward movement of the above-mentioned संकेतक is a considerably bearish factor for any type of asset. विज्ञापन Roque also adds that Ethereum is oversold on both the weekly and daily charts, which is the reason it canot rally in the near future. How bad is it actually? While the analyst suggests that it is