Market Shockwave Ahead? Ethereum Could Crash Over 60%, Analyst Says

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Interesting to note that there was not a buy signal in $ETH In fact, chart remains bearish with unmet target at 1551 pic.twitter.com/sjkXyTQXU2 — Peter Brandt (@PeterLBrandt) October 31, 2024 In a Twitter/X post, Brandt shared a graph saying there’s no but signal for Ether.

Although Ethereum is currently priced at $2,507, Brandt sees the asset dipping even further to $1,551, reflecting a possible 62% decline from its current value.$1,551 As Ethereum’s Unmet Target Brandt sees $1,551 as the asset’s unmet target and a key milestone.

Analyst Sees Bearish Metrics For Ethereum Aside from the bearish signals on the graph, Brandt also noted a few discouraging metrics for Ethereum.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Ethusd Cryptocurrency Market News Ethereum Altcoin Crypto Ether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 22:30:52 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 76 lines

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Copyright Owner: © NewsBTC

News ID: 23371955

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