Pickle Cat's Den Sees More U.S. Stock Pressure and Ether (ETH) Risk

Pickle Cat's Den said U.S. political and economic pressures have yet to fully reach markets and warned that new Ether (ETH) purchases could remain underwater as prices face further downside.

The trader expects the Federal Reserve to raise interest rates in December, with increases potentially continuing next year. Pickle Cat's Den said risks tied to an AI-sector bubble and a decline in U.S. stocks have not fully played out, and markets may face further adjustments.

For Ether, Pickle Cat's Den said new purchases could remain at an unrealized loss. A drop to $1,500 next year could be a relatively favorable outcome, Pickle Cat's Den said.