.PeterLBrandt says ethereum may plunge further because of this bearish pattern. $ETH
In early March this year, the seasoned chartist tweeted that he expected aBy now, the second largest crypto has plunged to the $1,700 level. ETH began to plummet after Bitcoin when, in the first days of May, the Fed implemented a historic hike of the interest rate, and then it was followed by the collapse of the Terra blockchain along with its coins—LUNA and UST stablecoin.
However, by now, ETH has dropped even lower than the level it started from and is exchanging hands near $1,700.
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