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BitcoinSistemi 2025-02-04 12:30:07

What Will Happen Next in Ethereum? Analyst Warns Investors, Reveals Critical Price Levels for ETH!

What Will Happen Next in Ethereum? Analyst Warns Investors, Reveals Critical Price Levels for ETH!

Donald Trump’s new tariff move against China and some other countries caused a sharp decline in Bitcoin and altcoins. Although BTC and altcoins recovered afterwards, an analyst said that the price of Ethereum (ETH) could fall even further if the US-China trade conflict escalates. Andrew Kang, co-founder of crypto investment firm Mechanism Capital, said in a post on his X account that if the trade conflict between the US and China continues, the Ethereum (ETH) price could drop to between $2,200 and $2,400. Kang also noted that the $2,900 to $3,000 range could be a short-term resistance level for ETH. https://twitter.com/Rewkang/status/1886648582725665204 Buying Opportunity? While Ethereum was one of the altcoins that suffered the biggest losses in the decline, whales also saw this decline as a buying opportunity. At this point, a whale that was successful in finding the bottom bought Ethereum again. Accordingly, the whale that bought during the big drop in August 2024 and has over $1 billion worth of cryptocurrency in its portfolio bought a large amount of ETH today. Ethereum (ETH), which has gained 5.4% in the last 24 hours, continues to be traded at $2,710 at the time of writing. Related News: What Did Whales Do During Bitcoin's Sharp Drop? The Whale That Was Successful in Finding the Bottom Bought This Altcoin Again! *This is not investment advice. Continue Reading: What Will Happen Next in Ethereum? Analyst Warns Investors, Reveals Critical Price Levels for ETH!

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