The cryptocurrency industry has been experiencing a downturn lately, with Bitcoin and Ethereum leading the bearish charge. Analysts are predicting how much further Ethereum could decline if the market continues to pull back. According to cryptocurrency analyst Josh Rager, the mid-$1,500s area is the level of interest in the previous range for Ethereum if the crypto market continues its bearish trend. However, this could be the potential bottom for the second-largest digital asset by market cap unless the flagship decentralized finance (DeFi) asset leads the prices further down. Despite the bearish trend, the member community over at the crypto monitoring website CoinMarketCap is bullish on Ethereum, predicting it would trade at the price of $1,834.84 by the end of May, with over 90% historical accuracy.
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