quite possibly in trouble short term? Downtrend.Vs tezos we see Ethereum
in a clear descending channel
and trend of lower highs. Quite possibly a symetrical triangle. Has alot
of room to run back to the downside. Is money coming out of Eth and going straight into DEFI erc20s? I would have to say yes although i have no metrics to go off of. Accumulation still trending up. Short term and mid term Eth looks extremely weak compared to many cryptos. CHeck out my chart on Tezos although its not right to compare them as they are in different life cycles. Still this may be the time to be accumulating ethereum
even slower. We have no idea what 2.0 will bring nor do we know how or when if will even launch on time. Could it fail? Very possible. I would not have all of my eggs in one basket. There are many other POS
networks that have been performing flawlessly and are already where Ethereum
is trying to get. Yes Defi is built on Eth for now. But that could all change very quickly. This market never sleeps and neither do the developers. Tezos,Cardano, Cosmos, Algo. Lookout for POLKADOT..Look for these Pos
Networks to continue to move up the ladder and really begin to challenge everything that we thought we knew about programmable money.