$40 in a next few weeks is not possible IMO. He probably just wants to create some fear in the current market.
Think I heard somewhere about this

and how can we be convinced of the impossibility of such an outcome? it's only a 50% drop.%
Maybe it's just me who doesn't want to see ETH that low lol. But if ETH goes below $50 then we have to prepare ourselves for a big panic sell.
Yes, many people will lose their patience once it goes to below 50$. Even i never expected the piece of ETH will be below 200$ but it went to the price below 100$ which makes many people panic about the ETH price. We need to stay strong and move forward.