On January 26, Mike McGlone, senior commodities strategist at Bloomberg Intelligence, wrote, "Ethereum appears to be moving towards the lower end of the $2,000 to $4,000 range it has been trading in since 2023. I think the risk of it falling below $2,000 is higher than the possibility of it rising back above $4,000, especially if stock market volatility returns."
Bloomberg analysts: Ethereum faces downside risks; the probability of falling below $2,000 is higher than the possibility of returning to $4,000.
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