A well-known cryptocurrency analyst and investor believes that the Ethereum cryptocurrency rate will fall

According to crypto trader Peter Brandt on Twitter, Ethereum is in a downward triangle and the coin rate could fall to $ 1,268 within a month.

Classical charting 101

This is a POSSIBLE descending triangle. A downside completion, unless immediately nullified, would not be constructive$ETHUSD pic.twitter.com/33kOZK4tjF

— Peter Brandt (@PeterLBrandt) June 7, 2022

An analyst with the pseudonym Crypto Tony shares a similar view.

Members of the crypto community have a different opinion, believing that Ethereum will grow. Thus, in a poll on the CoinMarketCap service, 15,466 respondents voted for an estimated price of $ 3,131 for ETH by June 30.

However, despite the different opinions of analysts, Ethereum developers continue to work and improve the cryptocurrency network. Today, they announced the successful transition of the Ropsten test network to the Proof-of-Stake consensus algorithm. Later, a similar transition will be made for the main network of the second largest cryptocurrency.