ETH tanks another 5% as Ethereum fund continues to sell off and Schiff sounds the alarm.
An Ethereum fund sold 7,500 ETH worth about $14.5 million in just four days, with the latest transaction involving 2,500 ETH exchanged for USDS.
Peter Schiff expressed a bearish outlook on Ethereum, predicting a potential drop to $1,000 if it breaks key support levels.
The price of Ethereum has fallen significantly, down more than 25% since November 4th, and is currently trading just above $1,800, marking its lowest price in nearly three months.