Crypto investors, get ready! Ethereum (ETH), the second biggest digital currency after Bitcoin, is potentially experiencing a collapse to the $1400 level, similar to the well-known 2020 collapse. Toncoin (TON) Value Forecast for March 26th
Despite the SEC’s permission of Ethereum ETFs in 2024 and intentions to include ETH to US digital asset holdings in 2025, the value of Ethereum has been on a downward trend, generating intense discussions among crypto investors, hedge funds, and experts.
Crypto expert and investor Ted Pillows is sounding the alarm, cautioning that the worst is yet to come for ETH. He anticipates a further decrease to the $1400-$1600 range, drawing comparisons between Ethereum’s current “surrender candlestick” and the historic collapse of March 2020.
While Pillows recognizes the possibility for ETH to still hit $10,000 this cycle, an incredible 530% rise from its current value of $1,880, his forecast is entirely based on technical research, lacking basic justification.
Adding to the problem, Ethereum ETFs recently saw almost $22 million in outflows, despite BlackRock’s iShares Ethereum Trust ETF (ETHF) seeing the highest inflows.
However, it’s not all bad news. The Ethereum Foundation has recently made important changes in response to public criticism, including revamping its leadership structure and prioritizing core DeFi protocols like Aave for its financial operations.
So, is Ethereum going to another collapse? Only the future knows. But one thing is certain: the crypto market remains as unstable and unpredictable as always.
Numerous prominent individuals within the digital currency sphere persist in challenging the fundamental rationales behind Ethereum’s lackluster showing during this phase. Detractors contend that this diminishes Ethereum’s practicality, rendering it less desirable compared to rivals like Solana. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
