⚠️ Ethereum vs. Bitcoin: Potential 60% Price Collapse Ahead?
Crypto analyst Benjamin Cowen raised concerns about Ethereum (ETH) due to recent losses in the crucial ETH/BTC trading pair. Cowen's analysis suggests a potential 60% downside for Ethereum's price following the break of important support levels in this pair.
Amid heightened volatility, Ethereum faces uncertainty as it struggles to maintain the critical $3,000 level. ETH is currently trading at $3,055, down 3% in the last 24 hours. Analysts highlight a critical support zone between $2,000 and $2,430, where significant ETH holdings exist.
💬 What's Next for Ethereum?
While Cowen's prediction is stark, it's important to remember that predictions are not certainties. Historical trends can provide insights, but past performance may not predict future results accurately.
💡 Ethereum Community Debates Monetary Policy Changes
The Ethereum community is discussing potential changes to ETH's monetary policy to address the rapid expansion of the staking pool. Suggestions include slowing ETH issuance to reduce staking incentives.