$ETH has already entered a new bear market, according to PeterLBrandt
The SOL token is in sixth place by market capitalization after seeing monstrous growth in 2021, but it still has a lot of catching up to do in order to flippen Ethereum.
The Ethereum community bristled at Brandt’s bearish analysis, with some of its members claiming that the trader’s tweets could be used as a contrarian indicator. Brandt took the criticism on the chin, joking that it’s time to buy more when he says something bearish .on Cardano in response to a disgruntled follower.
Earlier this week, the trader also recently tried to warn Bitcoin dip-buyers against catching a falling knife amid the flagship cryptocurrency’s ongoing plunge.Ether has had a rough start to the new year, plunging by over 20% since Jan. 1. On Jan. 8, the ETH price dipped to $3,000 on Coinbase, the lowest level since Sept. 30. It is also down 6% against Bitcoin in a blow to analysts who predicted that “flippening” would eventually take place this year.
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