Bloomberg has warned of an 80% drop in Ethereum’s value

John Rock, an analyst at 22V Research, expects Ethereum to fall to a value of $420.
Bloomberg has warned of an 80% drop in Ethereum’s value

Ethereum risks an 80% drop in value, to $420, according to analyst John Rock of 22V Research. This text is from company crypt​odefix. According to Rock, the altcoin is oversold on the daily and weekly chart, so it can't grow. The news portal Blopberg writes about it.

Chart with cost increase of Ethereum

Bloomberg’s photo

On May 12, Ethereum fell to a June 2021 low and stopped at $1800. As of May 17, the value of the altcoin is $2033, for a day it fell in price by 2.6%.

Mentioned project

Ethereum Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.
Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.

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