As of June 1, Ether (ETH) has dipped more than 40% after establishing a record high of $4,384 in May.
The major move downhill for the world’s second-largest cryptocurrency by market capitalization has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADVFN, sees the recent ETH/USD plunge as reminiscent of the beginning of 2018’s crypto crash that preceded a 24,000%-plus bull run.
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