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. According to Rock, the altcoin is oversold on the daily and weekly chart, so it can't grow. This is a text​ from company cryptodefix. The news portal Blopberg writes about it.

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%.