Will Ethereum Crash After the ETH ETF Launch? Expert Predicts 30% Fall

The launch of spot Ether ETFs is highly anticipated, but could it trigger a price crash? According to Andrew Kang, a founder and partner at crypto-focused venture fund Mechanism Capital, Ethereum's value could see a significant drop. Indeed, Ethereum has been predicted to fall 30% when its spot ETH ETF goes live, according to Kang.

Kang's analysis suggests that the introduction of these ETFs might not bolster ETH’s price as much as some expect. Specifically, Kang took to X (formerly Twitter) to share his prediction: Ether (ETH), the native token of the Ethereum blockchain, is predicted to crash almost 30%. He anticipates Ethereum will likely see a significant price drop, possibly to as low as US$2,400 when the spot ETFs launch.

Ethereum's Potential Plunge to $2,400: Why?

While ETFs are often seen as bullish for cryptocurrencies, Kang argues that the initial hype may be followed by a correction. His concerns stem from various market factors and the potential for profit-taking after the ETF launch. Could this prediction be accurate, leading to a significant decline in Ethereum's price after the ETF is approved?

Stay updated on Ethereum's price movements and the potential impact of spot ETH ETFs. We'll continue to monitor the situation and provide insights as the market develops. Mechamism Capital's founder, Andrew Kang, believes Ethereum may be on the verge of a significant decline, so be prepared for potential volatility.

O Ether pode cair para até US$ 2.400? (Can Ether fall to $2,400?)

The buzz around spot Ethereum ETFs is undeniable. However, Andrew Kang's prediction of a 30% price drop raises important questions about the short-term future of ETH after the ETF launch.