Ethereum Prices Plummet: Expert Predicts Potential Dip to $1,000

Bloomberg analyst Mike McGlone warns that Ethereum prices could suffer significant drops if the broader market environment deteriorates. If U.S. stock markets continue their downward trajectory, McGlone predicts ETH might sink as low as $1,000 by the end of 2023. However, he points out a potential silver lining: strong bullish rallies in ETH toward $2,000 could signal a resurgence in risk-taking behavior within the market.