ETHEREUM - IS THE MERGE A HUGE BULLTRAP?
So far ETH outperforms BTC due to sheduled merge around 12-15 september.
But is this price action really that bullish? We already had some nice more than 100% move from the lows.
ETH dominance is in critical point right now. It's hard to believe we will break to the upside this multi year trend in one move.
Of course BTC can start breaking to the upside and overperform ETH but imo big move to the downside is actually more possible.
And in that case alts would bleed much, much more than BTC.
But is this price action really that bullish? We already had some nice more than 100% move from the lows.
ETH dominance is in critical point right now. It's hard to believe we will break to the upside this multi year trend in one move.
Of course BTC can start breaking to the upside and overperform ETH but imo big move to the downside is actually more possible.
And in that case alts would bleed much, much more than BTC.