🩸 Ethereum has lost the $2,000 mark. And Peter Schiff says even $1,000 might not hold.
ETH is already trading around $1,850. To reach $1,000, it would have to fall another 46%. That’s how big a hit Schiff’s scenario would entail.
And there’s pressure right now. According to Onchain Lens data cited by CryptoPotato, the Ethereum Foundation sold 7,500 ETH in four days, worth around $14.5 million. I’m keeping an eye on $2,000. If ETH tries to climb back up and gets stuck there, the level that once supported the price could become a barrier to recovery.
$ETH #Ethereum
ETH is already trading around $1,850. To reach $1,000, it would have to fall another 46%. That’s how big a hit Schiff’s scenario would entail.
And there’s pressure right now. According to Onchain Lens data cited by CryptoPotato, the Ethereum Foundation sold 7,500 ETH in four days, worth around $14.5 million. I’m keeping an eye on $2,000. If ETH tries to climb back up and gets stuck there, the level that once supported the price could become a barrier to recovery.
$ETH #Ethereum
