Ethereum Price To Plunge in Coming Weeks - BitMEX Founder Arthur Hayes

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As per Arthur Hayes, Ethereum (ETH) is primed for a corrective move in the coming weeks.

If The Merge Event is unsuccessful, Ethereum could witness a sharp decrease in price, as per Hayes's recent blog post.

Hayes advised traders should either go short or choose not to own ETH if the Merge Event is unsuccessful.

However, Hayes doesn't expect Ethereum to drop lower than the $800-$1,000 range.