Bloomberg Intelligence commodity strategist Mike McGlone wrote on the X platform to analyze whether the current Ethereum may follow suit and fall to the $1,000 level during 2020. He believes that the market should now pay attention to the price movement of ETH, because there is a clear link between ETH and the price of other risky assets in the market. If stocks in the S & P 500 continue to weaken, ETH may fall further. At the same time, Mike McGlone believes that the return of ETH to the $2000 level may point the way for risky assets, but if Bitcoin cannot resume stable price growth, it may exacerbate the loss of counterfeit products, especially the first counterfeit products will continue to weaken, and even trigger ETH to fall back to the $1000 price level later this year.