Ethereum

Memecoin

Sherpa

Bonk

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/expert-warns-of-ethereum-and-memecoin-risks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Expert Warns of Ethereum and Memecoin Risks</a><br></p>
<p style="text-align: justify">Prominent crypto figure Altcoin Sherpa has raised alarms regarding potential significant downturns for Ethereum (ETH) in relation to <a href="https://en.bitcoinhaber.net/bitcoin-gains-momentum-near-65000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC). Addressing his 233,100 followers on the social media platform X, Sherpa projected that the ETH/BTC trading pair could suffer a decline exceeding 35% from its present status.</p>
<h2 id="what-levels-should-ethereum-investors-watch">What Levels Should Ethereum Investors Watch?</h2>
<p style="text-align: justify">Sherpa suggested that Ethereum could stabilize around 0.024 BTC, yet he cautioned that a sharp rise in Bitcoin past the $100,000 mark could trigger further substantial drops in the ETH/BTC ratio.</p>
<blockquote>
 <p>“ETH: I’m uncertain if 0.024 BTC is the lowest point, but another major fall could occur if Bitcoin jumps above $100,000. It would be disastrous.”</p>
</blockquote>
<h2 id="could-dogecoin-fall-below-key-support-levels">Could Dogecoin Fall Below Key Support Levels?</h2>
<p style="text-align: justify">Additionally, Sherpa expressed concerns for Dogecoin (DOGE), predicting it might plummet below $0.32, though he maintained a generally positive outlook for the coin, contingent on Bitcoin’s performance.</p>
<blockquote>
 <p>“DOGE: Following its peak, a drop below current lows seems likely. I remain optimistic, especially if Bitcoin rises.”</p>
</blockquote>
<p style="text-align: justify">Regarding Bonk (BONK), a <a href="https://en.bitcoinhaber.net/can-bome-token-maintain-its-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> linked with <a href="https://en.bitcoinhaber.net/solana-suffers-significant-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>, Sherpa conveyed cautious optimism but indicated a potential drop below $0.00003894 in the short term. He mentioned that lower levels could present buying opportunities.</p>
<p style="text-align: justify">Key points from Sherpa’s analysis include:</p>
<ul style="text-align: justify">
 <li>Ethereum may face a significant decline against Bitcoin.</li>
 <li>Dogecoin could drop below $0.32, but optimism remains if Bitcoin increases.</li>
 <li>Bonk might temporarily fall below $0.00003894, presenting possible buying opportunities.</li>
</ul>
<p style="text-align: justify">Sherpa’s insights emphasize the importance of vigilant market observation, particularly Ethereum’s performance against Bitcoin, to navigate the anticipated volatility in the cryptocurrency landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/expert-warns-of-ethereum-and-memecoin-risks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Expert Warns of Ethereum and Memecoin Risks</a></h5>

Expert Warns of Ethereum and Memecoin Risks

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