Bloomberg analyst: Ethereum faces downside risks, with a higher likelihood of falling below $2000 than returning to $4000
Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, stated, "Ethereum seems to be heading towards the lower end of the $2000 to $4000 range since 2023. I believe the risk of it falling below $2000 is higher than the possibility of regaining $4000, especially in the context of renewed volatility in the stock market."
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