Wu Blockchain (@WuBlockchain): Bloomberg strategist Mike McGlone noted that ETH remains closely correlated with risk assets. If U.S. equities continue to decline, ETH could fall fur…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- ETH-60Negative
Bloomberg strategist Mike McGlone noted that ETH remains closely correlated with risk assets. If U.S. equities continue to decline, ETH could fall further and potentially revisit the $1,000 level later this year. A recovery to $2,000 might signal strength for risk assets, but ongoing Bitcoin weakness could worsen losses across altcoins, especially leading ones. x.com/mikemcglone11/…