Analysts Turn Negative on Ether as Weekly Chart Tips Bearish — CoinDesk

0
76

“Broadly speaking, if ether fails to stay above $3,300 there is a risk of a deeper correction to perhaps $1,400 by the end of October,” Noble mentioned in an e-mail. “The Evergrande situation could be similar to the events of 2008, so while the ETH bull case is intact for the long-term, it may be best to be cautious in the short-term.”