Bloomberg Analyst: Ethereum Faces Downside Risk, More Likely to Fall Below $2,000 Than Return to $4,000
BlockBeats News, January 26, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated, "Ethereum appears to be moving toward the lower end of the $2,000 to $4,000 range it has maintained since 2023. In my view, the risk of it falling below $2,000 is greater than the likelihood of it reclaiming $4,000, especially if stock market volatility picks up again."
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