Will Ethereum Crash and 4 other Key questions and answers
Will Ethereum Crash and 4 other Key questions and Answers: Readers invested in Ethereum are a little concerned about what will happen to Ethereum. So we have compiled a quick Compendium of Key Questions and Answers
The Current State of Ethereum Holders
According to Intotheblock
- 36% of Holders are in the money
- 48% are not profitable
- 61% are holding the Crypto for more than a year (The Price one year ago was $2368)
Ethereum Price today is the same as it was in January 2021.
Will Ethereum crash?
The fact is Ethereum has already crashed. Just this year, Ethereum has lost 2/3rds of its value. Ethereum has lost 75% of its value from the peaks of 2022. Of course, the real question is, will it crash further?
Given the Micro and Macro environment, the chance of Ethereum going lower is more than the price going higher. Some have asked the question if Ethereum could go as low as $375.
Why is Ethereum Falling? Why is Ethereum dropping?
Ethereum is falling because
- Alts have collapsed. A large proportion of Ethereum’s demand for its coins comes from Alts. As the demand for its coins falls, so does the price
- Liquidity in the market has fallen on account of Inflation and the Fed increasing rates
- A Bitcoin versus Ethereum comparison will tell us the story
- On a 1 year basis, BTC is down 45%, Ethereum is down 52%
- Since November 2021, BTC is down 66%, and Ethereum is down 74% (when Inflation got hot)
- Since the crash of Luna, BTC is down 11%, Ethereum is down 29%
So while the macro factors impact both BTC and ETH equally, Alts performance impacts Ethereum by a wider margin.
- Will we be able to overcome inflation without a recession and serious job loss? – Eth recovery will be faster and furious
- Will we be able to turn the tide on Inflation in the next few months? – Eth recovery will be faster
- Will there be any more bad news from cryptos like $LUNA? – This will push the recovery to next year
Note: Crowdwisdom360 collates Predictions and data from all over the net. Please consult a registered investment advisor to guide you on your financial decisions.