Bloomberg has warned of an 80% drop in Ethereum’s value

Ethereum risks an 80% drop in value, to $420, according to analyst John Rock of 22V Research. According to Rock, the altcoin is oversold on the daily and weekly chart, so it can’t grow. The news portal Blopberg writes about it.

Bloomberg’s photo

On May 12, Ethereum fell to a June 2021 low and stopped at $1800. Thi​s information is from project cryptodefix. As of May 17, the value of the altcoin is $2033, for a day it fell in price by 2.6%.