Mike McGlone predicted what the bottom of Ethereum will be before reaching new highs

The liquidity crisis Binance-rozirvala-ugodu-pro-pokupku-ftx/">on the FTX exchange has had a negative impact on the entire crypto market, with most tokens falling significantly in price, including the flagship cryptocurrency and the main altcoin. Mike McGlone, a cryptocurrency analyst and strategist at Bloomberg, tried to predict the near future of ethereum.

According to the expert, the $ 1000 level could be a decisive support position for the digital asset. Another analyst known on Twitter under the pseudonym @CryptoCapo_ would disagree with McGlone. Capo is more pessimistic about the immediate future of some tokens. ETH $3,301.20 Bridged Ether (StarkGate) -1.96% Market capitalization $0.28 billion VOL. 24 hours $2.56 billion expects a drop to the range of $ 700 to $ 750, Capo is convinced.

As for BTC $97,814.87 Bitcoin 0.58% Market capitalization $1.94 trillion VOL. 24 hours $5.35 billion , Jeffrey Tucker, founder of the private Brownstone Institute and a bitcoin fan, believes that bitcoin will hit the bottom at $ 10,000 in the near future. After that, the flagship cryptocurrency will need a lot of time to recover, the expert told Kitco News. Geoffrey Tucker also emphasized that the cryptocurrency space is very unstable now, so users should refrain from investing during the downturn.