According to @ThinkingUSD, Flood Bank has revised its upside price target for Ethereum (ETH) to $600, signaling a more cautious outlook for ETH traders. This adjustment may influence short-term trading strategies and could increase bearish sentiment in the cryptocurrency market. Traders should monitor ETH volatility and consider risk management strategies accordingly, as this new target may impact ETH spot and derivatives trading volumes. Source: @ThinkingUSD

According to Flood (@ThinkingUSD) on Twitter, Flood Bank has revised its Ethereum (ETH) price target downward from $800 to $550, signaling a more bearish outlook for the near term (source: Flood, April 30, 2025). This adjustment highlights growing caution among institutional analysts and could influence short-term trading strategies, especially for ETH/USD pairs. Traders should monitor key support levels and stay updated on institutional sentiment shifts, as this target revision may increase bearish momentum in the Ethereum market.