- Peter Schiff predicts that Ether Reeum can fall to less than $ 1,000 due to increased market pressure.
- ETH must find $ 1,850- $ 1,900 to avoid the current weak trajectory.
Ether Lee (ETH) was hit hard in the entire market reaction to Trump’s aggressive tariff -out and plunged to $ 1,437.84 before showing a humble reaction.
According to CoinmarketCap, ETH has risen to more than $ 1,570 in the last 24 hours, but the outlook is still shaking.
Peter Schiff Slams Ethereum
Long -Bitcoin (BTC) skepticist Peter Schiff has doubled from his weaknesses, and Ether Lee’s recent bounce warns that the lifespan may be short.
SCHIFF mentions the same
“Etter has fallen to less than $ 1,500 for the first time in two years. So far, the internal minimum has fallen more than $ 1,400 and 20% overnight.
The community opposes Schif’s remarks.
As expected, the encryption community dismissed the opinion of Schiff emphasized by X (previous Twitter) users.
“The clock prediction of Peter and Crypto conflict is old. The market cycle is normal. The important thing is the basic technology and adoption. Ethereum’s ecosystem continues to increase despite price fluctuations.”
Mert Mumtaz, CEO of Hellius, who reflects similar emotions, added.
“Wow, which is expected to fall further, is a hero and opposite opinion here.”
Some of the encryption spaces can challenge Schiff’s cruel predictions, but past market behaviors seem to support his attention.
What more does Schiff add more to his claim for ETH?
Schiff points out that Ethereum’s decline in the 2022 conflict is less than $ 1,000, and the current condition argues that there is little power to prevent repeating.
He emphasizes Ether Leeum’s weaknesses to the US dollar.
He draws a uniform Blicker picture on the ETH/BTC chart.
For Schiff, this is one of the weakest assets on the board and even one of the undesirable assets.
He added.
“Why didn’t you barely own $ 1,000 in June 2022? The chart is terrible and Bitcoin is worse at a worse price than the dollar. Of course, the worst chart is priced in gold.”
The actual picture looks dark
However, as a result of closely investigating the price structure of Ether Leeum, an unstable prospect for major Altcoin is shown.
Therefore, to get out of the weak grip, ETH must find a range of $ 1,850-$ 1,900, supported by a powerful trading volume.
Without this recovery, disadvantage pressure can be strengthened.
In fact, in the short term, if Ether Reeum slides to $ 1,750, you can open the door for a deeper fullback for $ 1,650.