Will the Ethereum merger collapse or revive the crypto market?
In this week’s ‘The Market Report’ presentation, the experts based at Cointelegraph discuss the Ethereum merger and how it could impact the crypto market.
To start things off, we’ve broken down the latest news in the markets this week.
Increase or cleanse? Why the merger may not provide the price of Ether (ETH) from “Septembear”. Options data, macroeconomic catalysts, and technical signals suggest that a lower Ether price is on the table despite the consolidation. Ethereum’s native coin, Ether, is not immune to downside risks in September after rising nearly 90% from its low of around $880 in June. Could Ethereum prove the analysts wrong and break through the price after the merger or has the price already been taken into account and we have already seen the price go up by the end of this year?
ETH Merge: Co-founder CoinGecko shares his forked token strategy. Many believe that after Ethereum’s transition to Proof of Stake (PoS), a faction of Ether (ETH) miners will create a Proof of Work (PoW) fork of the network so they can continue mining. One of the executives believes there are ways that ETH holders can benefit from this upcoming event. Different people expect to trade a merger completely differently to benefit from it. Our experts highlight some of their plans. Tell us how you’re going to do things in the comments sections.
Ethereum got it wrong? Here are 3 signs to watch for while merging. The assumption that Ethereum will only move to a fully functional proof of stake (PoS) network after the merger somewhat ignores the risks and effort required to move a $193 billion market capitalization asset and 400 decentralized applications (DApps). This is exactly why monitoring vital network conditions is essential for anyone wishing to trade the event. Our Marcel Pechman lays out three things to watch while merging.
Next up is a new segment called “Quick Crypto Tips”, which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. Tip this week: Know when to step down.
Then market expert Marcel Bichmann carefully examines the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the expectations for the next few months? Pechman is here to break it. Experts also review some market news to keep you updated regarding the top two cryptocurrencies.
Finally, we have insights from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two cryptocurrencies that have emerged this week: Lido DAO token’s LDO and FIRO’s FIRO.
Do you have a question about a currency or topic not covered here? do not worry. Join the YouTube chat room and write your questions there. The person with a more interesting comment or question will be given a 1-month subscription to Markets Pro worth $100.
The Market Report goes live every Tuesday at 12:00 PM ET (4:00 PM UTC), so be sure to head over to the Cointelegraph YouTube page and smash the like and subscribe buttons for all of our future videos and updates.