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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!

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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