'The Merge' Hangover Slams Ethereum

16 Eyl 2022

Ethereum has dumped, despite the fact that the long awaited 'merge' finally happened yesterday. We have been warning you not to get too excited over this and that it would probably end up in a pump and dump. As predicted, we got slammed back to the $1400's from just below $1800. The selloff coincided nicely with a tanking stock market, in addition to gold, and bonds. We appear to be seeing strong support at $1424, confirmed by green triangles on the KRI. Our next level of support below is $1341.