ETHEREUME AFTER MARGE PRICE

 

ETHEREUM AFTER MERGE PRICE

ETHEREUM AFTER MERGE PRICE

 

Now the fair value fit to quote-unquote non-bubble data is 

coming in closer to $654.

 

So, it has gone up quite a bit in cryptocurrency quantitative 

Analysis.

 

ETHEREUM SECOND LARGEST CRYPTO 

The massive overhaul of A Ethereum is known as the merge

has finally happened, moving the digital machinery at

the core of the second largest cryptocurrency by  

market value to a vastly more energy-efficient system.  

 

After years of development and delay.

  

It was no small feat swapping out one way of running a

blockchain is known as proof of work for another called 

Proof of stake, the payoff is potentially gigantic Ethereum 

should now consume 99.9% or so less energy. 

 

 It's like Finland has suddenly shut off its power grid.

  

According to one estimate. 

  

At the rooms, developers say the upgrade will make

the network which houses a $60 billion ecosystem of

cryptocurrency exchanges, lending companies, 

non-fungible token marketplaces and other apps.

More secure and scalable to the transition from proof of work

to proof of stake is certainly going to leave some uncertainty

in the minds of exactly where is the price going to go in the 

short term, and also, of course,  over the macro scale. 

 

 The primary question is, theorems merge alone enough

to overcome the macro headwinds that face us today, with

things like high inflation, and the Fed raising  interest rates

into a slowing economy and draining liquidity 

from our system. 

Thrives on cheap cryptocurrency app liquidity 

 

We know that cryptocurrency thrives on cheap liquidity. 

 

And because we are getting access to less of it, it has put

downward pressure on the asset class.

  

Over the last several months. If you think back to q1,

I put out several videos talking about how in 2022

Cash is king, and the coin market remains risky. 

 

It's important to hedge under these types of market conditions.

And we have spent the better part of the last several months

or at least the entire year in a bear 

market.  

 

Now recently, a lot of cryptocurrencies of the last couple

of months are off of their lows. 

 

And so, a lot of people are wondering, what is that going to

mean for the price of Ethereum going into the Merge.   

 

Ethereum is ultimately constantly trying to make

progress and solving the blockchain trilemma.  

 

And that's where we scale between or we try to optimize

between three separate things, security, scalability, and 

Decentralization. 

 

A lot of Ethereum is quote-unquote

 

Competitors will tell that they're necessarily better than 

Ethereum at something just because perhaps they have

faster transactions or lower transaction fees.   

  

Bullish on the most decentralized projects.  

 

Bitcoin and Ethereum are the two most massively

decentralized protocols that exist in the cryptocurrency

asset class. 

 

The two most massively decentralized protocols,

and nothing else comes even close. 

 

From a technological perspective, Ethereum is ahead of its

quote, unquote, competition by approximately two 

to three years. 

  

This is something I said back in 2019 

when we were gearing up for that  bull market, and it's something 

that I maintain today that Ethereum is two to three years 

ahead of a lot of its competition.

  

INFLATION 

  

Inflation is still coming in at 8.3% year over year for the headline 

inflation and it even went up for core inflation this month 

from 5.9% last month too I believes about 6.3% this month. 

  

The reason why this is a problem loan is that the Fed is 

forced to react to such things. 

  

And they are continuing to raise interest rates into a slowing 

an economy where they use lagging indicators such as

unemployment to figure out when they should Pivot. 

 

Fed is doing the right thing by remaining hawkish because

they need to get inflation under Control. 

 

 In the 80s, it was Volcker sending us into two back-to-back 

 recessions that ultimately got inflation under control.  

 

There are macro headwinds such as high inflation,

the Fed slowing the economy down even more to combat 

inflation. 

 

Ethereum Below Bull Market or bear market resistance band

 

But on the chart perspective, Ethereum is still sitting below

its bull market support band or in a bear market, a bear market

resistance band, if you will, I still can't help make but make

comparison to the prior bear market and remind me that

even in 2018, I got excited by this 128% pump by cerium,

only to be let down as it continued to sort of plummeting back

down into the lower regression band.

Right now, a theory was much closer to the regression band

and where it was over here when it got rejected theory and

also already got rejected one time, if you were to take a

move from the low, a theorem also rallied in this rally right

here is about the same amount that it did in 2018, 

approximately 128%.  

 

Cerium is still getting rejected by the bear market resistance

band, despite the fact that there is a lot of buying pressure,

I would assume for people chasing the hype around the

marriage and potentially trying to get access to some

of the forks that come along with it.  

 

But from a technical perspective, I cannot ignore some of the 

similarities that we're seeing between this bear market.  

 

And the last one will be whenever it gets back to its fair value, 

logarithmic regression trendline I don't know exactly when

that's going to be it is a monotonically increasing function.  

 

 So, it has gone up quite a Bit. 

 

 While $654 ether sounds pretty bad.  

 

Remember, we actually, got relatively close to it already

when we went below $900, just a few months ago. 

 

So, these things are theoretically possible.  

Even if they might not seem the most probable.

After 128%. Move to the upside. 

  

Assuming Ethereum were to come back down to these levels, 

eventually, I will become not only more of a macro bull, but 

also, a short-term bull.  

 

I think Ethereum will easily take out it's all-time

highs and beyond.    

 

You could argue that the trendline that one should draw 

 for Ethereum maybe connects all the way back over here. 

Bitcoin Bull Market 

In the same the way that the Bitcoin bull market 

 theoretically ended over here, and we sort of just played in 

 the sandbox for a year, someone could argue that the ether 

 Bitcoin valuation is looking very similar, right,

the bull the market for the ether Bitcoin valuation arguably

ended over Here. 

 

And then since then, we've just been oscillating up and 

down, up and down.  

 

But ultimately, when things come to pass, there are no

guarantees that we're going to stay up at these Levels. 

 

Is Ethereum systematically gaining value on 

Bitcoin over the macro scale?

  

It's a like a regression trendline, maybe it looks something

like this where it's slowly gaining value over time. 

 

The Bitcoin dominance bottomed right here at around 39

to 40% in mid-2018, while the Ethereum dominance 

peaked between 20 to 21% or so, in 2018, the same thing it's the 

exact same thing, right? 

  

Ethereum dominance up Bitcoin dominance down Ethereum 

dominance of Bitcoin dominance down the question, right, and 

 this is where people are currently placing their bets. 

  

Does Ethereum break out of this range and do something

different Right? 

 

 Is this time different? 

 

The theory and Bitcoin valuation come back down. 

 

And of course, Ethereum dominance comes back 

down while the Bitcoin dominance goes up. 

  

Successful Merge 

In general, it is impossible to predict with certainty how the 

markets will react to a successful merge. 

 

The upgrade has been on the Ethier gums roadmap since its

inception, so there's the possibility that it has already by

and large been priced in by the market.