The post Crypto Crash Continues, Ethereum Price All Set to Plunge Below $2000! What’s Next? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
A brutal attack on the crypto market continues as the Bitcoin price slides below $34,000 while the Ethereum price slides down beneath $2500. While no major possibilities of a rebound are being witnessed at present, the ETH price is expected to crash another 18% to 20% in the upcoming days. And eventually, the traders may get an opportunity to bag the asset below $2000 very soon.
Considering the Ichimoku cloud, it points out towards a notable leg dropping massively by another 15%. The bearish Ichimoku cloud indicates that the price is all set to crash to $2,250 initially. The first time, while the bearish cloud hindered the rally in 2018, the price slashed by more than 80% to drop below $100. During the second time in March 2020, the price dropped by nearly 60% again dropping below $100. And hence the current phase is also expected to mirror a similar trend.
Collectively, the upcoming couple of days is expected to be pretty bearish for the entire crypto space, as the top cryptos are on the verge to shed massive gains. And hence yet opportunity may be fast approaching to accumulate Bitcoin & Ethereum below $32,000 and $2000 respectively.