Former Ark Invest Analyst Updates Ethereum Forecast

Chris Burniske, former head of Ark Invest crypto division and analyst, said that while maintaining its long-term target in Ethereum (ETH), a correction may come in the short term.

In the post he published on his social media account, Burniske hinted that although he continues to be behind his prediction that Ethereum will delight its investors in the near future, a correction can be expected in the short term. Stating that Ethereum will take its investors to Valhalla, “the name of paradise in Scandinavian mythology,” in his recent post, the Analyst suggested that it may be necessary to die first to get there. Burniske updated his short-term comment in his new post as follows:

“Both sides of the price curve tell me we must die before we go to Valhalla. I’m sorry.”

Many investors on social media supported Burniske’s humorous analysis, arguing that the drop could be a buying opportunity. According to Coinecko data, Ethereum, which has lost 5.6% in the last 24 hours, is trading at $ 1,548 at the time of writing.