He said:
FAQ ⏰ Why does Mike McGlone see downside risk for ethereum? He points to rising stock market volatility and tightening correlations with risk assets. What trading range is ethereum currently stuck in? Ethereum has traded between roughly $2,000 and $4,000 since 2023. How does equity market stress affect ethereum prices? Equity drawdowns often trigger deleveraging that reduces speculative crypto flows. What factors still support ethereum long term? Ongoing defi development, smart contract usage, and institutional blockchain experimentation.Strategist Warns Ethereum Risks Sliding Toward $2,000 as Macro Volatility Rises
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