Yuga Labs Exec Predicts Ethereum “Doom”: Price Could Plunge to $200-$400 if Bear Trend Persists
- Ethereum crashed to 1,745 for the first time since October 2023.
- A crypto expert predicts ETH’s price could drop to $200.
- Ethereum is under pressure because of multiple fundamental challenges.
Ethereum slipped to $1,754 in the early hours of the March 11 trading session to retest a support region from the middle of 2023.
The altcoin’s recent behavior has raised concerns among crypto community members, and a VP at Yuga Labs is forecasting even more trouble for Ethereum if the current downtrend sticks.
Analyst: Ethereum Could Tank Below $500
In his latest post on X, this well-known crypto voice put out a stark prediction: Ethereum could plummet to between $200 and $400 if the bear market drags on. He noted some crypto watchers are calling $1,500 as the bottom for the current slide. That might be true, he says, if the crypto market were nearing the end of a bear cycle.
Expanding on his Ethereum worries, the Yuga Labs VP suggested the crypto market might be heading into a new bear market. This possibility is the basis for his grim Ethereum price forecast. He pointed out that the major altcoin dropped 30% last week and is down a total of 50% over the…
The post Yuga Labs Exec Predicts Ethereum “Doom”: Price Could Plunge to $200-$400 if Bear Trend Persists appeared first on Coin Edition.
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Yuga Labs Exec Predicts Ethereum “Doom”: Price Could Plunge to $200-$400 if Bear Trend Persists
- Ethereum crashed to 1,745 for the first time since October 2023.
- A crypto expert predicts ETH’s price could drop to $200.
- Ethereum is under pressure because of multiple fundamental challenges.
Ethereum slipped to $1,754 in the early hours of the March 11 trading session to retest a support region from the middle of 2023.
The altcoin’s recent behavior has raised concerns among crypto community members, and a VP at Yuga Labs is forecasting even more trouble for Ethereum if the current downtrend sticks.
Analyst: Ethereum Could Tank Below $500
In his latest post on X, this well-known crypto voice put out a stark prediction: Ethereum could plummet to between $200 and $400 if the bear market drags on. He noted some crypto watchers are calling $1,500 as the bottom for the current slide. That might be true, he says, if the crypto market were nearing the end of a bear cycle.
Expanding on his Ethereum worries, the Yuga Labs VP suggested the crypto market might be heading into a new bear market. This possibility is the basis for his grim Ethereum price forecast. He pointed out that the major altcoin dropped 30% last week and is down a total of 50% over the…
The post Yuga Labs Exec Predicts Ethereum “Doom”: Price Could Plunge to $200-$400 if Bear Trend Persists appeared first on Coin Edition.
Read More