ETH. Will Defi projects push it down to $200?
Updated
Good afternoon!
Considering that most of the Defi projects are focused on Ethereum and a lot of Ethereum is locked as a pawn, so it is the thing that still keeping it more or less afloat compared to other altcoins.
But, general market fall will also affect the Ethereum price, so we expect its value to decrease to at least $250-255.
Although there is one more nuance, if the investors of the Defi projects are attacked by super-panic from the fact that both Defi coins and Ether are depreciating, then they will begin to unfreeze Ether and fix it in USDT.
Such actions can provoke a flow of the Ethereum cost to 200-206 dollars
We have been analyzing and trading the cryptocurrency market since 2016, and now we decided to share our experience.
If you are interested, then subscribe to us and like the idea. 😉
Considering that most of the Defi projects are focused on Ethereum and a lot of Ethereum is locked as a pawn, so it is the thing that still keeping it more or less afloat compared to other altcoins.
But, general market fall will also affect the Ethereum price, so we expect its value to decrease to at least $250-255.
Although there is one more nuance, if the investors of the Defi projects are attacked by super-panic from the fact that both Defi coins and Ether are depreciating, then they will begin to unfreeze Ether and fix it in USDT.
Such actions can provoke a flow of the Ethereum cost to 200-206 dollars
We have been analyzing and trading the cryptocurrency market since 2016, and now we decided to share our experience.
If you are interested, then subscribe to us and like the idea. 😉
Note
Updated the idea of ETH for the medium termSubscribe to us and like to receive coins updates in time.
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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