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Analyst Takes Negative Approach to Ethereum Price: Here Are the Reasons for More plummet! - Coin Newsletter
**Singapore-based veteran analyst Jun-young Heo said Ethereum is signaling for more fall.
Speaking to CoinDesk Global recently, Jun-young Heo assessed the current state of the cryptocurrency market. According to the analyst, unexpectedly high US treasury **
As we approach an important event such as the Bitcoin halving, spot ETF delays for Ethereum have a more negative impact on the ETH price.
Stating that current indices such as RSI have started to turn negative, which means more fall** for **Ethereum, he noted that the market is still more hesitant.
He stated that in the last 12 hours, both long (long) and short (short) positions in the futures markets were liquidated equally, which is an indication of market instability.
Stating that new catalysts are needed for the market to return to its rise course, Jun-young Heo emphasized that this may take some time.