The post Altcoin Crash Alert ! Ethereum (ETH) Price Heading For 50% Drop appeared first on Coinpedia Fintech News
While Ethereum has been in a bear market for the past 30 days, there are chances that it will soon bottom out. One well-known crypto analyst has voiced concern over Ethereum’s (ETH) performance compared to Bitcoin’s (BTC), speculating that a major event could cause a large drop.
What’s behind this bearish outlook, and what should altcoin investors be doing right now? Let’s dive in.
Expect a 50% Drop, If This Happens. Says Cowen
While the majority of altcoins are projected to plunge by 40-50% against Bitcoin, ETH is no exception. During an exclusive interview with Ran Neuner of Crypto Banter, Benjamin Cowen brought up the possibility of a drop of more than 50% in the ETH/BTC pair from its present value of 0.063 BTC (roughly $1,828). But why is this dark projection being made?
This perspective came as he believes there is a bearish double-top pattern forming on the
We współpracy z: https://coinpedia.org/altcoin/altcoin-crash-alert-ethereum-eth-price-heading-for-50-drop/
