Ethereum is in deep trouble, and the crypto community is on edge after the latest price dip. On March 11, ETH slipped to $1,754, hitting its lowest level since October 2023. The bears are in full control, and now a top executive at Yuga Labs is warning that Ethereum’s price could plummet even further.
In a chilling prediction shared on X, the Yuga Labs VP suggested Ethereum could fall to as low as $200-$400 if the bear market continues. While some crypto watchers believe $1,500 could be the bottom, the analyst disagrees, citing a potential new wave of bearish pressure in the market.
Ethereum has already lost 30% in just the past week and is down 50% from its previous highs, fueling fears that the worst is yet to come. With the broader market facing multiple fundamental challenges and the bear trend showing no signs of easing, Ethereum’s future looks uncertain.
Will ETH rebound, or is this the beginning of a catastrophic fall? The crypto world is holding its breath. Stay tuned!
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