There is a chance ethereum will drop from the current $1,332 level, an analyst believes. $ETH ali_charts
Will Ethereum lead crypto market rally this year?
As reported by U.Today recently, a prominent entrepreneur in the mining business, Jiang Zhuoer, who spearheads major mining companies BTC.TOP and B.TOP, shared his take on what turn prices on the crypto market may take as the year 2023 unfolds.as opposed to Bitcoin. He is fascinated by ETH since, after developers moved Ethereum from the proof-of-work algorythm to the proof-of-stake one, he expects ETH's inflation rate to be only 0.01% vs. its 3.59% before the switch to PoS.
He, therefore, expects ETH to start rising between March and May this year, and he believes it will happen before Bitcoin begins to go up. However, not everyone is so optimistic about ETH. Over the weekend, U.Today reported that anonymous whales bet on ETH's price dropping to the $400 level by the end of June 2023.
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