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Ethereum Cointelegraph

‘Fed sledgehammer’ will further batter BTC, ETH prices — Bloomberg analyst

With the Merge resulting in a “buy the rumor, sell the news event,” Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

‘Fed sledgehammer’ will further batter BTC, ETH prices — Bloomberg analyst

With the Merge resulting in a “buy the rumor, sell the news event,” Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.

Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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