Crypto Analyst Warns Ethereum (ETH) Merge May Trigger Short-Term Price Disaster
Bitcoin BTC crypto ETH Ethereum balita PangkalakalBinabalaan ng Crypto Analyst ang Ethereum (ETH) Merge na Maaaring Mag-trigger ng Panandaliang Sakuna sa Presyo09 / 06 / 2022Balita ng Ethereum ng Bitcoin A popular crypto analyst is forecasting Ethereums (ETH) potential price trajectory once the platform officially switches to a proof-of-stake consensus model. In a new market report to his 275,000 YouTube subscribers, Jason Pizzino says the price of ETH may hit a brick wall in the short and mid-term after the so-called “merge” happens, which is currently inaasahan to occur in about a week. Pizzino says hes concerned that ETH will form a lower high as the merge takes place, paving the way for painful price action for Ethereum investors. “Looking at the US dollar on Ethereum, we just closed back above the 50 [fibonacci] level. So basically the facts on what were seeing here in terms of price – above the 50 the resistance level is still at about $1,700 based on the previous support levels of the bull market cycle.” If ETH does meet resistance at $1,700 and retrace, Pizzino believes bulls will be in trouble. The warning is forming a lower top than the previous top that is going to spell a little bit