Taking into account the information hype surrounding the Ethereum Merges transition from PoW to PoS in 16 hours it is difficult to predict where the ETHUSDT price will start to move after the transition.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in the market supply affects the growth of the price according to the laws of economics.
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by more than 500% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 3 months, and this is in the current sluggish market.
For us, two options are likely, which we have shown on the chart, we can only wait and watch. And to make this time pass more productively, we are announcing a contest: In the comments under the idea, share your graphs with an analysis of where the ETHUSDT price will go in the near future. The contest will end in an hour before The Merge (we marked it on the chart) In addition to gratitude and likes from Tradingview users, you will from us: 1st place - 300 coins 2nd place - 200 coins 3rd place - 100 coins _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Good Chart I agree after the merge things will take off. I expect it will reach 2455, bounce and drop to just over 1000+ and stay there until the Shanghai update, and then who knows. Expect in the medium to long term ETH will come back stronger than before, breaking new records in price.
Mihai_Iacob
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I m more on the drop to 1250 side.
Vibranium_Capital
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It can happen
JoeChampion
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you resumed it all, well done!
kevinbarnes88
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Great work, like the effort you put into your charts. Thank you for sharing!
DeGRAM
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Thank you
SwallowPremium
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Great work, thank you for sharing!!
TopTradingSignals
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Yes, same opinion!
mastershark
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✨✨✨
Solldy
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This is an ambiguous situation for an asset, especially at the moment, so I think I'll skip this idea.