Despite the Ethereum Merge just 48 days away, one asset manager says he's turned cautious on ETH prices — warning more consolidation may be coming as Merge hype wanes and macro clouds loom.
) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer.
The thesis has been based on macro factors and price analysis of the cryptocurrency, noting that the Fed still continues to “ramp up its Quantitative Tightening program which drains liquidity,” while noting that ETH’s prices had reached technical resistance at around $1,800. Speaking to Cointelegraph on Tuesday, IDEG chief investment officer Markus Thielen noted that the recent price rally has not been supported by a change in fundamentals.
Thielen also commented on the interesting correlation between ETH price and Ethereum Merge Google search results that is currently at play:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Here's How Ethereum (ETH) Economics Will Be Affected by Merge: ReportHere's how Ethereum $ETH economics can be affected by the Merge: Explained by skatensurf_ of ambergroup_io Ethereum ETH
Baca lebih lajut »
ETH/USD Forecast: Ethereum Slows Down into WeekendEthereum had a nice run over the last several days but slowed down on Friday to show signs of hesitation.
Baca lebih lajut »
Zilliqa (ZIL) Founder Explains Why Ethereum (ETH) Is Better Than Other L1sZilliqa (ZIL) network turns five, celebrates birthday by relaunch of its mainnet after unexpected stop
Baca lebih lajut »
Pro traders may use this ‘risk averse’ Ethereum options strategy to play the MergeTraders have been pondering how Ethereum’s upcoming Merge upgrade could shake ETH price up. noshitcoins explains how a “risk averse” options strategy could benefit traders.
Baca lebih lajut »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Enter August Trading Below $24,000 and $1,700 Respectively – Market Updates Bitcoin NewsBitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session.
Baca lebih lajut »
While the Bear Market's Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low – Altcoins Bitcoin NewsETH prices are much lower, but the bear market has given way to the lowest ethereum network fees in months.
Baca lebih lajut »