Yuga Labs Vice President of Blockchain: The true bear market target price for Ethereum may be between $200 and $400.

According to news from Shenchao TechFlow, 0xQuit, the Vice President of Blockchain Operations at Yuga Labs, stated on social media that the current market prediction for Ethereum's bottom at $1,500 may be overly optimistic. 0xQuit analyzed that if we are at the end stage of a bear market, Bitcoin has hardly suffered much pain and is likely to stabilize at price levels that were either a few months ago or historical highs, which is very positive for Bitcoin. However, if a bear market begins, the price of Ethereum could fall far below $1,500. "For an asset that has already dropped 30% this week and over 50% in the past three months, believing that the 'permanent bottom' is only 20% below the current price is quite absurd."

He pointed out that the true bear market target price may be between $200 and $400, which would represent about an 80% drop from the current price, totaling a 90% correction, consistent with past bear market performances. 0xQuit advised investors to adjust their positions according to their risk tolerance: "If your position allocation makes you feel uneasy, consider selling a portion until you reach a level you can tolerate. I have experienced being over-leveraged during a bear market and know the anxiety of waiting for a rebound. Trust me, it's not worth it. A bull market can rise higher than you imagine, and a bear market can also move further in the other direction."