As of now (August 2020), a major correction of Ethereum back to level below $200 is likely in coming months. The recent spike in ETH price (from $200++ to $400++) due to Testnet2.0 is overhyped. Once the hype dies down, we’ll start seeing ETH retracting in steps.

Whereas for Bitcoin, most likely it can hold above $10000 in the next few months. But with the global economy shrinking further due to COVID-19, retraction to levels below $7000 is very likely before the end of this year (2020).

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