Analyst Nicholas Merten Warns of Altcoin Cleansing, Says Ethereum (ETH) Facing Another Leg Down

A popular analyst is warning Ethereum (ETH) is facing another leg down while many other altcoins will lose a ton of their valuation.

In a new YouTube strategy session, crypto strategist Nicholas Merten tells his 512,000 subscribers that Ethereum is on a downtrend with the 200-week moving average continuing to act as resistance.

“Even though if we take a look at the ETH-to-BTC ratio, Ethereum has been holding up relatively neutral with where it’s been since May of 2021 against…


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