👉👉Giving Bitcoin Example, Analyst Called Ethereum Fall Opportunity: The Rise Is Coming Soon! 👈👈

Cryptocurrency analyst Miles Deutscher, who has half a million followers, evaluated the recent decline in Ethereum as a buying opportunity.

Miles Deutscher compared the performances of Ethereum and Bitcoin ETFs in his post from his X account on July 25. He stated that the decline experienced by Ethereum after the ETF launch was not surprising, and that a similar situation was valid for Bitcoin.

He reminded that after the Bitcoin ETF launch in January, the price dropped 20% in the first 14 days, but then there was a 90% increase in 51 days.

Based on this experience, he evaluated the recent price drops in Ethereum as a buying opportunity and commented:

“The decline in Ethereum is really not unexpected. When the Bitcoin spot ETF was first launched, the price dropped 20% in 14 days, then rose 91% in 51 days. “This pullback may actually be a good buying opportunity.”

Ethereum, which gained 3% in the last 24 hours, is currently trading at $ 3,240.

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