If History Repeats Ethereum Can Drop Below $500!

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Ethereum Price is almost 75% below its record high after hitting  $4,950. Previously, in November 2018, When Ethereum turned oversold it almost lost  94% of its value which preceded the end of a 12-month long bear cycle.

Unfortunately, if the same bearish exhaustion repeats, Ethereum can face a heavy crash in the coming days.

On the positive side, this scenario seems unlikely in 2022 as Ether continues facing some serious macro headwinds.