This Is Best Time to Short Ethereum, According to Arthur Hayes

📆 8/17/2022 2:33 PM
📰 Utoday_en

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ICYMI: according to Arthur Hayes, if the Merge upgrade ends up being a disappointment, Ethereum will experience a 'quick' and 'vicious' price crash ETH $ETH

claims that the best time to short Ethereum is right on the cusp of the Merge upgrade.

The second largest cryptocurrency will experience a"quick" and"vicious" price crash if the much-hyped Merge upgrade ends up being a flop. Hayes believes that the best way to hedge against such a bearish scenario is to use put options. In such a way, it will be possible to eliminate unbounded losses., the hotly anticipated upgrade is expected to take place on Sept. 15, with developers now adding the finishing touches.

Earlier this month, Hayes predicted that the price of Ethereum would revisit the $1,000 level if the Merge ends up being unsuccessful. It will be able to recover to around $1,600 if the U.S. Federal Reserve pivots to a less hawkish monetary policy.

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