Yuga Vice President: If this is the beginning of a bear market, ETH may fall to $200-400
<p>Odaily News 0xQuit, vice president of blockchain business at Yuga Labs, wrote on X that seeing some people predict that the bottom of ETH is around $1,500, this seems reasonable given the market we are experiencing, but you need to ask yourself an important question - are we at the beginning or the end of the bear market?<br/> If this is the end of the bear market, great. BTC has barely taken a big price hit and is holding steady at levels that were still all-time highs just a few months ago, which is very bullish for BTC.<br/> However, if this is the beginning of a bear market, then be prepared to see ETH prices well below $1,500. It is quite ridiculous to think that an asset that is down 30% this week and over 50% in the past 3 months has a long-term final bottom only 20% away from here. If the bear market has just begun, ETH's target price may be $200-400, which means another 80% drop from the current price, a total drop of 90%, which is consistent with past bear markets.<br/> 0xQuit finally said: "I personally tend to be bullish at this position, but my position layout can also accept the market to continue to fall. If you can't accept the worst expectations, please consider selling some."<br/></p>
