Top Crypto Analyst Issues Ethereum Warning, Says ETH Price Action Could Get Ugly.
06 Mar 2023, 08:00
Top Crypto Analyst Issues Ethereum Warning, Says ETH Price Action Could Get Ugly
A crypto strategist who nailed the end of the Bitcoin bull market in 2021 is warning Ethereum holders, saying that ETH could witness significant downside risk.
Pseudonymous analyst Pentoshi tells his 677,100 Twitter followers that bearish momentum could go to the next level for Ethereum if it trades below a key support level.
“Below the gray area COULD get ugly. I’ll talk a long down there with a tight stop. It’s a nice spot for some short to mid term invalidation for longs. If we start to close, below it’s an easy out and a paper cut.”