Ethereum cryptocurrency is predicted to fall by another 10%

Tuur Demister, an independent market analyst, has shared his opinion on the future of the Ethereum cryptocurrency, saying that the ether will continue to fall in the coming days, by about 10% of its current value.

According to the analyst, Ethereum is a ticking time bomb that has a chance of both falling in value and rising. Given the negative trend after The Merge, we should not expect positive price indicators of ETH in the near future, Demister emphasized.

The value of the digital asset was also affected by the economic situation in the United States — the Fed recently announced a 75 basis point increase in interest rates. In this way, the US is trying to fight the huge inflation that has arisen amid the escalation of the Russian-Ukrainian war. Today, on September 22, the value of ETH fell by almost 6%. The virtual asset was trading at $ 1,259. The total loss of the ethereum exchange rate for the week exceeded 21.8%, and its capitalization amounted to $ 154.52 billion. At the time of writing, ETH is trading at $ 1305.