$730 Ethereum feels like it's bear market destiny - though could it bottom at closer to $200?
In the bear market, Bitcoin typically falls -85% compared to it's all time highs. Altcoins such as Ethereum, typically fell to -95% of it's all time highs.
In this chart, I shows where those relative levels are. There is a significant difference between the two levels, so understanding whether Ethereum will out perform it's historical bear market performance will largely be best answered using fundamental analysis.
Is Ethereum a much better product than it was in the last bear market? I would argue so, and the merge should keep demand high throughout 2022.
In the bear market, Bitcoin typically falls -85% compared to it's all time highs. Altcoins such as Ethereum, typically fell to -95% of it's all time highs.
In this chart, I shows where those relative levels are. There is a significant difference between the two levels, so understanding whether Ethereum will out perform it's historical bear market performance will largely be best answered using fundamental analysis.
Is Ethereum a much better product than it was in the last bear market? I would argue so, and the merge should keep demand high throughout 2022.