A popular cryptocurrency analyst believes that Ethereum has reached its bear market bottom and is setting a long-term price floor of $7,000. This prediction comes as some traders still anticipate a potential rally towards $2,000 before making one final move lower.
Source
"Ethereum Analyst Sees Long-term Price Floor at $7K" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Ethereum's price action over the past year has been marked by significant declines, with the asset experiencing a 65% drop from its all-time high in November 2021.
ETH · 7D · $1,877+0.9%