Bloomberg: Analyst warns of risk of Ethereum cryptocurrency falling by 80%

Analyst John Rock of 22V Research expects the value of the largest altcoin by capitalization to fall to $ 420.

Ethereum is at risk of falling 80% to $ 420, according to technical analyst John Rock of 22V Research, Bloomberg reports. According to the expert, altcoin is oversold on the daily and weekly charts, so it cannot grow.

At the time of writing, the price of ETH is about $ 2000.