Ethereum has been highly volatile and is rapidly losing value. This is not only due to actions taken by Trump but also because of the looming recession that many analysts are predicting. But will this recession truly materialize, and if so, will it also impact the crypto market?
The recession is most likely to continue affecting traditional markets, especially financial firms. Tech companies have already suffered significantly and may face an additional decline of up to 20%. Ethereum will also be affected, as it is not classified as a digital currency but rather as an asset—primarily due to U.S. regulatory policies.
This means Ethereum is tied to recessionary trends. Since the crypto market hasn't yet entered its own growth cycle, which is still expected to come, we may still see a short-term drop in price down to around $831. After that, our mid-term price targets are up to $2,460.
The recession is most likely to continue affecting traditional markets, especially financial firms. Tech companies have already suffered significantly and may face an additional decline of up to 20%. Ethereum will also be affected, as it is not classified as a digital currency but rather as an asset—primarily due to U.S. regulatory policies.
This means Ethereum is tied to recessionary trends. Since the crypto market hasn't yet entered its own growth cycle, which is still expected to come, we may still see a short-term drop in price down to around $831. After that, our mid-term price targets are up to $2,460.
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Building and managing multiple projects | Trader & Analyst with 5+ years of experience
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.