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TechFlow reports that on January 26, Mike McGlone, Senior Commodities Strategist at Bloomberg, shared his latest view, suggesting that Ethereum (ETH) price may be trending toward the lower end of its $2,000–$4,000 range established since 2023. McGlone stated that as stock market volatility rebounds, the risk of ETH remaining below $2,000 outweighs the likelihood of it breaking above $4,000.
Mike McGlone, Senior Commodity Strategist at Bloomberg, recently shared his latest view, suggesting that Ethereum (ETH) price may be moving toward the lower end of its $2,000–$4,000 range established since 2023. McGlone stated that as stock market volatility rebounds, the risk of ETH remaining below $2,000 outweighs the likelihood of breaking above $4,000.
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