If that’s going to be the case, you probably have all the time in the world to build a bit of a position. Ultimately, this is a market that I think continues to see a lot of destruction, but even if we do rally from here, I think there are plenty of areas where we could see a lot of trouble at.is sitting at the $1400 level, and drifting lower.
That being said, the market is going to continue to see a lot of downward pressure due to the fact that the US dollar has been strengthening, and therefore it will take less of those greenbacks to buy a unit of this commodity. While the merge is going on, it has been very slow, so it does suggest that the market may be disappointed by all of this.
That being said, it is likely that Ethereum will continue to strengthen over the longer term, but we may have a bit of a “crypto winter” to live through first. If we do break down below the $1000 level again, it’s likely that the $900 level will be tested, and then the $500 level will be tested. At that point, I think I’m going to start accumulating quite a bit of Ethereum. Ready to trade Ethereum? Here are
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