Ethereum To Hit Bottom  at This Level - Predicts  Mike Novogratz

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In a new CNBC interview, the CEO of Galaxy Digital Mike Novogratz praises the Ethereum merge and predicts the bottom For Ethereum.

Ethereum had gone from $1,000 to $2,000. And so now you’ve had a real big pullback. It feels like $1,250 should be the bottom here and so I think you’re closer to the bottom than the top. - Says Novogratz.

Novogratz says the growing interest of institutions is going to keep the price of Bitcoin from falling dramatically.