Probably the most talked about and promising assets to hold rn, it is pretty hard to go anywhere in crypto atm with out getting slapped with some Mergereum news. although it is what the market needs right now, so no complaints here- with huge consistent volume coming in them Whales are accumulating. As per some handy on-chain data the larget ETH buy in 7 months has been made at 1.7b which is a whole lotta ETH at these levels.
The big story is the Merge - whilst its not in the roadmap for Sept. it is a prediction of one of the devs there.
Projection on chart are based on the perfect scenario - ie no more global meltdowns or FUD and is ultimately subject to BTC. Expecting a retrace with TD9 forming, trendline & price resistance as well as a Bearish peak on the Alpha Wave.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.