Pseudonymous analyst Altcoin Sherpa tells his 187,900 Twitter followers that Ethereum could see a 54% dip from current prices if another major event rocks the crypto markets, such as a prominent firm filing bankruptcy.
He says there is still support above the $900 level, but that the $500 range awaits below.
“ETH: Some high timeframe charts. I think if some big player like GBTC (Grayscale Bitcoin Trust) gets sold off, we’re going to see something like $500-$700 Ethereum. I think $500 should be a decent place to bid if things go to shit based on psychological (number) alone; but