Yugalaps VP warns of Ethereum's ”full-blown bear market” - could crash to $200

It has been suggested that Ethereum (ETH) may fall to $200, a 90% drop from its current price, in a long-term bear market.
Quit, vice president of blockchain at X Labs, countered some analysts' predictions that Ethereum will bottom out at $1,500, citing similarities with past market cycles.
"If a true bear market has begun, we will see prices in the $200-$400 range on the downside. This is a huge drop compared to the current price," he said.
"This is an 80% drop in individual shares and a 90% drop overall, which is consistent with past bear markets," he said. He added that he was maintaining a safe position in preparation for a price drop and that the price of ETH was
"If you are worried about a drop in value, you should consider selling some of your holdings," he advised. These comments have elicited mixed reactions from cryptocurrency investors.
While they agreed that H prices could fall further, other investors countered that it wouldn't fall that far unless there was a major systemic collapse.
One X user wrote, "I predicted that $1,800 would be the bottom, but when it actually reached that price, I started thinking about the possibility of it dropping back down to $1,200 again.
"If the price of Bitcoin falls to $66,000, ETH could fall further," he said.
Meanwhile, another investor believes that unless there is a systemic collapse like in 2018, ETH will reach 20
He argued that a drop to $0 is unlikely, and emphasized that “unlike previous market cycles, Ethereum is currently seeing increased institutional adoption and a mature ecosystem.”