Richard Heart, the founder of Hex and Pulse tokens, predicts an Ethereum price drop two days after the EIP-1559 launch.
Other experts maintain ETH price could shoot after the London upgrade and the token could even outpace Bitcoin.
The price of Ethereum (ETH) could plunge to “lows under $1,700” following the long-awaited London hard fork upgrade, one expert claims. Hex and Pulse tokens founder Richard Heart voiced this bearish opinion, saying”
I think the price of Ethereum will dump hard in two days when the EIP-1559 goes live.
Moreover, in a recent interview, he said “we are currently in the ‘return to normal bull trap.’” At this, he was referring to the classic Wyckoff “Return to Normal” on the market cycle psychology chart. Such an event is seen as bullish investors’ buy-in while prices begin to experience a downward trend.
Using historical proof, Heart argued,
Speaking about highly speculative markets like Bitcoin and Ethereum have to price run-ups for major
