Bloomberg analysts: Ethereum faces downside risks; the probability of falling below $2,000 is higher than the probability of returning to $4,000.

01/26 04:00

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, wrote that Ethereum seems to be heading towards the lower edge of the $2000 to $4000 range since 2023. He believes the risk of it falling below $2000 is higher than the possibility of it rising back above $4000, especially in the case of renewed stock market volatility.

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