Ethereum

Bitcoin

Gold

Gold supporter Peter Schiff, known for his anti-Bitcoin statements, has now embraced Ethereum (ETH).
Predicting that the sharp declines will continue, Peter Schiff made a bold prediction that Ethereum could fall to $ 1,500.
In his post on his X account, the famous economist stated that Ethereum broke critical support levels and was traded below $ 2,900, and argued that the decline will continue.
Stating that sales will be effective in this decline, Schiff said that investors bought Ethereum ETF rumors and sold without waiting for the final approval news.
<blockquote>
 “Ethereum is also breaking key support. It is trading below $2,900, down 30% from its March high.
 I think a drop to $1,500 is approaching. “It seems investors who bought Ethereum ETF rumors are selling before they can wait for confirmation news.”
</blockquote>
At this point, Schiff implied that investors who had pushed the price higher based on ETF approval speculations are now exiting their positions, contributing to the downward pressure on Ethereum's price.
Whether Bitcoin enemy Peter Schiff's bold Ethereum prediction will come true has been a matter of curiosity for investors. Because July 15, the possible spot Ethereum ETF launch, is just around the corner.
Ethereum continues to trade at $2,985 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> is also breaking key support. It's trading below $2,900, down 30% from its March high. I think a crash down to $1,500 is coming. It looks like those buying the <a href="https://twitter.com/hashtag/Ether?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ether</a> ETF rumors couldn't wait for the fact to sell. <a href="https://t.co/XXEyX67BXK" rel="noopener noreferrer nofollow">pic.twitter.com/XXEyX67BXK</a>
 — Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1809102408506646703?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-enemy-peter-schiff-now-targets-ethereum-announced-the-level-he-expected/" rel="noopener noreferrer nofollow">Bitcoin Enemy Peter Schiff Now Targets Ethereum! Announced the Level He Expected!</a>

Bitcoin Enemy Peter Schiff Now Targets Ethereum! Announced the Level He Expected!

Bitcoin Sistemi EN

2024年7月6日公開の他の記事

Daddy Tate Price Prediction: DADDY Pumps 7% After Andrew Tate Announces Airdrop, And This P2E Mem...

‘Intent to personally support Dogecoin’ Elon Musk says, as DOGE drops 15%

Top Crypto Project Launches for July 2024

Cardano Hit Key Milestone With CIP25 Metadata, Here’s What It Means

Key Cryptocurrencies You Need in Your Portfolio

Unlock New Trading Opportunities With Agaswap Now Supporting Ethereum

ニュースレターを購読して暗号資産の最新情報を毎日入手！