Bloomberg Analyst: Ethereum faces downside risk, with a higher probability of falling below $2000 than returning to $4000

ETH-2.39%

BlockBeats News, January 26 — Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated, “Ethereum seems to be heading toward the lower end of the $2000 to $4000 range since 2023. I believe the risk of it falling below $2000 is higher than the chance of it climbing back above $4000, especially as stock market volatility begins to pick up again.”

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