Happycoin.club - CryptoSlate analyst James Van Straten believes that the refusal of the US authorities to approve the issue of Ethereum-ETF will drive a nail into the coffin in which Ethereum (ETH) will be buried.
It seems that Ethereum will be taken to its grave. Rejection of applications for the creation of spot ETFs will lead to a drop in the price of Ethereum against Bitcoin from 0.047 to 0.03 ETH in the long term.
Ethereum has once again become subject to inflation. Thanks to the Dencun update, transaction fees have been reduced, and due to the small number of coins burned, the circulating supply of ETH increases, Straten wrote.
In this case, James believes, ETH will fall in price by 36% relative to Bitcoin. That is, if the cost of BTC does not change, then the Ethereum rate will drop to $1883 from the current value. A bearish trend has dominated the ETH market since March 13, so Straten's prediction may turn out to be correct, but will come true in the distant future.
Downtrend on Ethereum chart
