Peter Schiff believes that #Ethereum✅ could correct further by 30% from current levels, with the recent increase in outflows from #ETH #ETF .

Peter Schiff has signaled a recession, warning that a major crypto crash is coming in the US.

He added that a recession in the USA may cause the prices of #altın to rise and a new ATH is on the horizon. The altcoin season may be delayed because transaction volumes are not mature enough for an increase.

The Ethereum price is down 6%, falling below $3,000, the level seen in early July. Over the past week, the price of $ETH has fallen by more than 8.5% and analysts are expecting further declines.

On Friday, the spot Ether ETF saw net outflows of $54.3 million, according to Farside Investors data. Grayscale's ETH saw outflows of $61.4 million, while Fidelity FETH saw inflows of $6 million. The rest of all other U.S. Ether ETFs saw zero inflows yesterday.

Gold enthusiast Peter Schiff took this opportunity and said that a recession in the USA would be a rise for Gold. A recession, he explained, could lead to much larger federal budget deficits, a weaker dollar, collapsing real interest rates, and much higher inflation.