As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.