ETH daily chart...Of course the Merger happened from "proof of work" to" proof of stake" and so far so good and the blockchain is running great. Im looking for Institutions to begin coming in from now on out. I also see ETH flipping BTC in the coming few years. So take a look at the candle hitting the trendline and looking for a bounce up. If it breaks below $1405 mark, the supports are listed. The RSI is looking bullish as well... Unless a blackswan event were to happen, i believe we have hit the bottom back where I listed it. Personally if ETH drops under 1K im backing up the truck but i do belive we have bottomed out. but we will see...Ill try and keep this chart updated.
Interesting... But ETH is under huge pressure now... ALT market is now super sensitive to movements of BTC. While BTC moves down 1% the whole ALT market moves 8% down.
I think same as you... ETH will flip BTC may be in 2023 or 2024... ETH gas price is the problem. If they release the next version, ETH has no other competitor.
bylerzone
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@Alirezakashian, the gas fees are horrible… PULSECHAIN (PLS) will launch anytime, been waiting for 1.5 years, that is the system state copy of ETH but gas fees will be nearly free, and 1000x faster block times…it will be the worlds largest airdrop as well, that will take pressure (load) off ETH and will lower gas fees for ETH and has 150 brand new projects waiting to launch on it that are finished. It will be amazing!
ALT market is now super sensitive to movements of BTC.
While BTC moves down 1% the whole ALT market moves 8% down.
I think same as you... ETH will flip BTC may be in 2023 or 2024...
ETH gas price is the problem. If they release the next version, ETH has no other competitor.