Ethereum Will Likely Stay Above $1k Says Mike Novogratz

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Mike Novogratz, CEO of Galaxy Digital claimed indicated cautious optimism about the current market state even after the recent sell-off at a recent conference.  

He foresees Ethereum, the second largest crypto, to hold at the $1,000 support level, and it's currently above $1,200.

The price of Ether fell to $1,075 for the first time since January 2021. The most popular altcoin lost more than 40% of its value in a week before making a little rebound.