Ethereum price risks falling to $1.2K next, analyst warns

[Oshosondy]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

[Odohu]

If ETH fall to $1.2k that will represent about 40% drop in price from the current level; I consider this very huge because if it happens, then we should be expecting Bitcoin at around $40k because Bitcoin have been moving closely with ETH and only on rare occasion would there exist SMT divergence which will signify a reversal of the entire market. I don't doubt your analysis but I'm surprised it is coming this time of war when we expected Bitcoin to be doing well.

[passwordnow]

All of those analysis and predictions don't have any guarantee, they're only giving what they think will happen if you're going to also believe on them, that's on you. If the price will fall down, that's because it's expected that this year we'll have a heavy decrease due to being bearish of the market.

but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Expect that any highly volatile asset that drop a lot in few minutes and can be replaced based on its market cap and so, that's possible but it's not a big deal IMHO.

[o48o]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

I am not sure what's that metric is supposed mean. Stablecoins growing their marketcap higher and higher is just inevitable when more and more people join to trade, and they have to issue more and more tokens that have stable value.

I would be happy if Eth price wouldn't moon in the future as having it as some sort of ever mooning asset like bitcoin, wouldn't serve a purpose of it. It's meant to be used, not just hodled.

[MArsland]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

I’m 50% convinced and 50% skeptical, but this is a volatile market. A drop of that magnitude in Ethereum would affect all Layer 2 on its network, and the impact would certainly be felt. However I’m curious, what kind of news could drive ETH down to $1,200? What would BTC price be if ETH alone could reach that low?

[HyperCodexV]

At the rate this market is going down, I feel a bit obliged to believe it, because things are really not looking good right now. The global market is shaky and almost everything is bleeding red at the moment. Even though I don’t fully trust analysts myself, but the current price action of Ethereum is giving reasons to be concerned. When the market is this weak, even predictions that sound extreme can start to look possible. Every market is bleeding at the moment.