“Crypto Analyst: Ethereum Will Never Again Breach $1K.” This is the title of an article from 2 years ago. This is why you should never blindly trust the media.
So I found this article claiming that ETH will never again break $1k. We all know how accurate this turned out to be. Here’s what the article said:
“The crypto market has been struggling for nearly two full years now to return to all-time high peak prices set back at the height of the crypto bull run, when Bitcoin reached $20,000 and became a household name and altcoins like Ethereum made investors filthy rich.
During that time, Ethereum exploded to over $1,400 per ETH as demand for the asset fueled by the ICO boom caused its value to skyrocket. However, one crypto analyst says that Ethereum price won’t ever come close to the $1,000 mark ever again, even if Bitcoin some day reaches prices of $50,000 or more per BTC.”