BITSTAMP:ETHUSD
In the scenario with te Shangai's update in the Ethereum network, aprox 16 million ETHs will be out of stake(~U$25 billion).
That will cause a lot of selling pressure in the market, people could take the loss.
Also, ETH price action seems to converge in a lot of resistence above the 1700s(last bottom, 2021), and different patterns and trendlines...
The biggest possible event for Bitcoin is when it deflates, splits, follows a straightforward but cyclical premise like beginning, middle and end.
With each Halving event, we can notice 3 important patterns within the Bitcoin structure:
-Valuation/Bull Run
-Distribution/market down
- Accumulation / Accumulation
And in each of these phases there are also other...