Bloomberg strategist Mike McGlone has forecasted that Ether is more likely to decline to $2,000 rather than rise to $4,000. McGlone cited Ether's weak performance, macroeconomic risks, and its underperformance compared to Bitcoin and gold as key factors influencing this outlook. He also highlighted the importance of the fear and greed index as a critical indicator for altcoin market sentiment. McGlone noted that stagnation in Ether's price could negatively impact investor sentiment and portfolio decisions. Additionally, volatility in U.S. stock markets could further pressure risk assets like Ether. Despite these concerns, some analysts remain optimistic about Ether's potential, driven by network upgrades and the growing trend of tokenization.