Ethereum Price Predicted to Drop Significantly Before Reaching $15,000

A recent post by cryptocurrency analyst Alexhiz on TradingView suggests that the Ethereum price may be headed for a significant correction. The analyst believes that the support established above $1,900 is fragile and could break soon, leading to another 60% price drop. This would push the Ethereum price down toward $600.

However, the analyst argues that such a crash is necessary for the long-term accumulation of stronger hands in the market. After the crash, an expansion phase could follow, where the price rises rapidly. The scenario presented by Alexhiz has sparked debate among cryptocurrency enthusiasts and experts, with some calling it a worst-case scenario.