Ethereum Price Prediction: Can ETH Hold $1,900 As Analyst Warns Of 22% Drop?
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Ethereum is currently priced around $1,954, with open interest rising to $26.10B. However, analysts warn of a potential 22% drop to $1,500, marking its worst losing streak since 2018. Additionally, claims about 50% of ETH supply being staked are disputed, confirming only 31% is actively staked.
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- Ethereum tests $1,954 as symmetrical triangle apex approaches, with open interest rising 0.86% to $26.10B.
- Bitwise analyst warns ETH risks 22% crash to $1,500, approaching worst seven-month slump since 2018.
- Analysts dispute the 50% staking milestone as misleading, clarifying only 31% of supply actively staked, not 50%.
Ethereum price today trades near $1,954, trading flat in the past 4 hours as the token consolidates inside a tightening symmetrical triangle pattern. The move comes as Bitwise senior research associate Max Shannon warns ETH could crash 22% to $1,500, while analysts dispute claims that 50% of supply is staked.
Analyst Warns Of 22% Drop To $1,500 As Worst Streak Looms
According to Max Shannon, senior research associate at Bitwise, Ethereum price risks crashing 22% to hit $1,500 as it tracks toward its worst losing streak in history. If the second-l…
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