In recent months, a crypto analyst has frequently been in the spotlight, especially during the October rise, drawing skepticism and laughs. However, those who doubted his predictions have faced disappointment as the so-called crypto soothsayer was once again proven right. Having repeatedly emphasized disruptions in the long-term structure, the analyst foresaw a decline, predicting a drop below $100,000. Today, after being vindicated, he broke his silence.
The Crypto Soothsayer
Operating under the pseudonym Roman Trading, this analyst has made a significant impact with forecasts specifically for the last two quarters of the year. Even amidst the October surge, he highlighted the disturbance in Bitcoin’s long-term pattern, forecasting a downturn, and indeed, he was correct.
In his recent assessment, Roman Trading shared a graph indicating that the decline will continue. His prediction is based on disturbances in the HTF (weekly and monthly period chart) graph, and the latest downturn was triggered by reigniting tensions between China and the USA.
“BTC H4 update: Almost reached the wick! I still think it will drop further, with the next significant support around 98,000. If an opportunity arises, I will look for short-term long positions there. For now, HTF remains quite bearish, so I think it will decline further over time.”
How Low Will Ethereum (ETH) Go?
As weekend volumes weaken, investors looking to evaluate potential new shocks should consider key levels. Although Trump claimed there would be talks with China, leading to no escalation for now, upcoming events might shift sentiments. If the government shutdown ends next week, inflation figures will be announced, and consensus expectations for headline inflation could already be priced in over the weekend.
Moreover, November 1 will be a decision day, with Trump indicating that retaliatory tariffs against China could be introduced before this date. These factors seem sufficient for investors to remain cautious. In the event of a swift drop, the pressing question is, how low could Ether fall?
Lark Davis explained the key level with the shared graph:
“Ethereum 
$1,623 is retreating to a vital area here. The price is testing the weekly 20 EMA – perfectly aligned with horizontal support and the 0.382 Fib. This region either holds, pushing the price back up, or we start watching for the next drop towards 0.618. It’s a decision time for ETH.”
$Let’s see if ETH will drop to $2,777.
