Bloomberg Intelligence commodity strategist Mike McGlone wrote on the X platform to analyze whether the current Ethereum may follow suit and fall to the $1,000 level during 2020. He believes that the market should now pay attention to the price movement of ETH, because there is a clear link between ETH and the price of other risky assets in the market. If stocks in the S & P 500 continue to weaken, ETH may fall further.
At the same time, Mike McGlone believes that the return of ETH to the $2000 level may point the way for risky assets, but if Bitcoin cannot resume stable price growth, it may exacerbate the loss of counterfeit products, especially the first counterfeit products will continue to weaken, and even trigger ETH to fall back to the $1000 price level later this year.
Bloomberg analysts: if the BTC price can not resume stable growth, it will exacerbate the loss of ETH and other counterfeit products
2025-03-30 06:39:55
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
彭博分析师：BTC价格若无法恢复稳定增长，或将加剧ETH等头部山寨币陷入亏损Next article：
香港署理行政长官陈国基：稳定币监管框架最早拟于年底前实施
