Peter Schiff has made a bold prediction that Ethereum could crash to $1,500, this creates a market hype against Ethereum. As a result broader crypto market experiences a sell off.
Renowned economist and cryptocurrency skeptic Peter Schiff has made a bold prediction that Ethereum could crash to $1,500. Schiff's forecast is based on several technical and market factors. He has observed that Ethereum is breaking through crucial support levels, and he links the current situation to his previous warnings about Bitcoin.
I mean, could it? Maybe there is a chance but that would mean another %50 drop from where we are today and I honestly think that we should be considering something much more. I am not saying that it is not going to happen, I am just saying that it will not be all that easy and could change a lot in the end.Renowned economist and cryptocurrency skeptic Peter Schiff has made a bold prediction that Ethereum could crash to $1,500. Schiff's forecast is based on several technical and market factors. He has observed that Ethereum is breaking through crucial support levels, and he links the current situation to his previous warnings about Bitcoin.
We could probably consider the fact that it is going to be something much more difficult for it to drop then increase, it is a lot more likely for it to be 4-5k range in the near future. Not only that, I also think that we are going to end up with something that will take some time, and it is going to be something that will take ETH to even 10k+ eventually, so it is going to be very sensitive subject and we need to be careful, that possible drop doesn't look that probable to me and he is more likely to be wrong.