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Details: ht
The price of Ethereum (ETH) has recently fallen below the 4000 USD mark, sparking heated discussions in the market about the trend of crypto assets. Notable crypto skeptic Peter Schiff voiced his opinion on social media, stating that Ethereum has entered a Bear Market and predicting that Bitcoin will be the next target of a collapse.
However, many industry insiders hold different views on Schiff's perspective. Some analysts point out that a 20% pullback is not uncommon in the crypto assets market, especially considering that Ethereum's increase has exceeded 300% this year. They believe that the current pullback is more like a natural adjustment of the market rather than the beginning of a bear market.
It is worth noting that investors should be cautious about "celebrity bearish" statements. Schiff has long been critical of crypto assets, and the return on his favored gold investment this year is even less than half that of Bitcoin.
Market observers generally believe that $3,800 is an important support level for Ethereum. If this level can be maintained, the current pullback may be viewed as a "high-level washout"; if it falls below this threshold, short-term investment strategies may need to be more cautious.
In the face of the current market trends, investors have differing opinions. Some view this pullback as a potential "golden pit," considering it an excellent buying opportunity; while others worry that it may be a precursor to a larger fall. Regardless, in the highly volatile crypto assets market, rational analysis and risk management should always be the principles that investors keep in mind.