HalfacreResearchInstitute

ETH merge hasn't helped it gain any ground against BTC...

Long
COINBASE:ETHBTC   Ethereum / Bitcoin
If you notice in the chart below, I crudely illustrate that ETH was creating higher highs as well as higher lows from Sep 2019 through Dec 2021(an uptrend). I find that interesting because during this time period, there was no ETH merge, in fact, there was very few who even knew what was the intention of the merge.

Dec 2021 is when ETH started to experience lower highs and lower lows(a downtrend) when compared to BTC. I also find it interesting that this is the time frame in which everyone started to discuss, research, trade, and otherwise propagate "the merge". This propagation or "run up" to the merge has lasted from Dec 2021 until present day. Now we are currently "post merge" and we still see the same pattern of BTC actually gaining ground on ETH...In fact if anything, it has sped up the gaining of BTC over ETH...

It makes me wonder, What did ETH gain from the merge?... Seems like Saylors is right so far

Be present in this moment!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.