Analysts Agree That Ethereum May Soon Visit $200 as Selling Pressure Ramps Up4.8

Ethereum and the entire crypto markets have descended downwards over the past several days, primarily due to the fact that Bitcoin has been unable to advance past the upper-$8,000 region, which has sparked a widespread sell-off that has had a fairly significant impact on most altcoins, including ETH.

Now, analysts believe that Ethereum’s current selling pressure could continue to perpetuate, which may lead it to extend its losses to as low as $200 in the near future.

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