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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-drop-in-cryptocurrency-prices/" data-wpel-link="internal">Significant Drop in Cryptocurrency Prices</a> 
Cryptocurrencies have experienced a significant drop in the past few minutes. <a href="https://coin-turk.com/binance-ceosu-cevapladi-bitcoin-btc-fiyati-0-dolara-inebilir-mi" data-wpel-link="internal">Bitcoin</a> lost its $69,000 level and fell to $65,673. While this was happening, attention shifted to high-volume altcoins like Ethereum. Ethereum’s price dropped to $3,285.47 during this period. In the past hours, an analyst shared his views on Ethereum. 
<h2 style="text-align: justify" id="analyst-s-commentary-on-ethereum">Analyst’s Commentary on Ethereum</h2> 
A well-known crypto analyst in the cryptocurrency world predicted that Ethereum (ETH) could reach its all-time high (ATH) within a few days. 
Criptopaul, on social media platform X, highlighted that after the halving event, which cuts BTC miners’ rewards in half, Ethereum historically outperformed <a href="https://en.coin-turk.com/crypto-analysts-latest-bitcoin-analysis-what-lies-ahead-for-btc/" data-wpel-link="internal">Bitcoin</a> (ETH/BTC) in the following month. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336517" src="https://coin-turk.com/wp-content/uploads/2024/04/eth-usdt-grafik-coin-turk-com.jpg" alt="" width="782" height="366"> 
While the next halving is expected around April 19, the analyst said: 
<blockquote> 
 The halving has arrived and historically it has always been a junction for an altcoin explosion and a reversal in ETH/BTC. Are you ready? I also expect a new ETH ATH within 30 days. 
</blockquote> 
ETH/BTC is currently trading at 0.05017 BTC ($3,285) as of writing and has seen a decline of over 2% in the last 24 hours. Ethereum reached its all-time high of $4,900 back in 2021. 
The trader also emphasized that other altcoins are expected to start new rallies this month. 
<blockquote> 
 Some altcoins are catching their breath again, this was before the second leg, the third phase is coming soon with new ATHs everywhere. I’m just holding. 
</blockquote> 
<h2 style="text-align: justify" id="will-dogecoin-doge-rise">Will Dogecoin (DOGE) Rise?</h2> 
One altcoin that caught the trader’s attention was the undisputed best meme token by volume, <a href="https://en.coin-turk.com/value-increase-surpasses-20-altcoin-not-slowing-down-in-the-rally-exceeds-critical-level/" data-wpel-link="internal">Dogecoin</a> (<a href="https://en.coin-turk.com/dogecoins-notable-surge-in-the-crypto-market/" data-wpel-link="internal">DOGE</a>). The analyst believes DOGE is making a price movement similar to the one it made around $0.01, now at the $0.20 level, before a major rally. 
The trader shared a chart suggesting that if the formation repeats, DOGE could witness a parabolic rally (see below). 
<blockquote> 
 DOGE: What could go wrong? 
</blockquote> 
The trader also made an optimistic comment that it’s within the realm of possibility for Dogecoin to surpass Ethereum’s (ETH) market value during this cycle. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336518" src="https://coin-turk.com/wp-content/uploads/2024/04/doge-usdt-dongu-coin-turk-com.jpg" alt="" width="938" height="1386"> 
<blockquote> 
 I wouldn’t be surprised to see Dogecoin overtake Ethereum during this bull run. You’ll laugh here too, just like you did with my $9 Solana article on December 30, 2022, but I’m not joking – again. 
</blockquote> 
As of writing, DOGE continues to trade at $0.1864 after a 7.22% drop, still far from its ATH level. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-drop-in-cryptocurrency-prices/" data-wpel-link="internal">Significant Drop in Cryptocurrency Prices</a></h5>

Significant Drop in Cryptocurrency Prices

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