Here’s How Low Ethereum Could Fall in Coming Weeks, According to Prominent Analyst

Here’s How Low Ethereum Could Fall in Coming Weeks, According to Prominent Analyst


A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes is issuing a potential price warning on Ethereum.

Pseudonymous crypto trader Dave the Wave tells his 69,200 Twitter followers that current price action is starting to suggest that Ethereum (ETH) will likely have a solid correction that could bring it all the way down to $1,000 in price.

 

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“Unchanged medium term chart of ETH/ USD.

[Price action] starting to confirm the predicted solid correction…. not of the ‘garden variety’.”

Source: Dave the Wave

The analyst’s chart forecasts Ethereum dropping to $1,350 sometime around the beginning of September, and then $1,000 the following month. ETH is trading at $2,012 at time of writing and is down 22% in the past 30 days, according to CoinGecko.

Still, the analyst says he’s bullish on Ethereum’s long-term future.

Dave the

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