Interpretation of cryptocurrency market on SEP 6, 2022
The market remained slightly shaky yesterday, and this morning the market saw a round of disruptions in the ETH merger. This morning ETH will officially open the merger process. After reaching the target difficulty, POS will officially replace POW, and the process will probably last until the 15th.
However, as analyzed in the previous article, ETH merger expectations have just experienced significant hype. When the merger becomes a reality, instead, please beware of the good out of it. And there may also be unexpected events, so short-term can no longer look at the merger from a positive perspective, do not chase up.
The ETH merger is just one of the more significant changes within the crypto market. The bear market comes from the broader fundamental deterioration, so ETH alone will not get the market out of the bear market.
However, as analyzed in the previous article, ETH merger expectations have just experienced significant hype. When the merger becomes a reality, instead, please beware of the good out of it. And there may also be unexpected events, so short-term can no longer look at the merger from a positive perspective, do not chase up.
The ETH merger is just one of the more significant changes within the crypto market. The bear market comes from the broader fundamental deterioration, so ETH alone will not get the market out of the bear market.