Pickle Cat Sees U.S. Stocks Under Continued Pressure and Further ETH Downside Risk

Trader Pickle Cat's Den said newly purchased ETH could still incur unrealized losses, and that a drop to $1,500 next year might be a relatively favorable outcome. According to Odaily, the trader said that over the past three months, avoiding futures trading and buying spot ETH through dollar-cost averaging had been the better choices. Pickle Cat's Den said market pressures from the U.S. political and economic situation had not yet fully emerged, and it expects the Federal Reserve to raise interest rates in December and possibly continue hiking next year. The trader also said risks from an AI industry bubble and a decline in U.S. stocks had not been fully realized, and markets could face further corrections. The trader said they had previously planned to buy ETH at $888 but now considered that price could no longer be an extreme low.