• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

“The Merge” To Be A Buy The Rumor Sell The News Event For Et…

in Crypto Exchanges
Reading Time: 3 mins read
“The Merge” To Be A Buy The Rumor Sell The News Event For Et…
24
VIEWS
Share on Facebook

Ethereum is coming into heavy resistance north of $1,900 as the cryptocurrency attempts to push further into previously lost territory. Today, ETH core developers announced a tentative date for the upcoming “Merge” event set for September 15 to 16, 2022, which could bolster bulls’ attempts to climb higher.

At the time of writing, Ethereum’s (ETH) price trades at $1,888 with 3% profits in the last 24 hours and a 17% profit in the last week.

ETH’s price with important gains on the 4-hour chart. Source: ETHUSDT Tradingview

“The Merge” is the event that will complete Ethereum’s migration to a Proof-of-Stake (PoS) consensus. It’s one of the most highly anticipated events in the space due to its implications for the price of ETH, and one of the main reasons why the bullish momentum could extend in the coming months.

Analyst Michaël van de Poppe said the following on “The Merge”, its short-term implications for the crypto market, and why ETH’s price could continue to see bullish momentum:

Honestly, Ethereum is the actual asset that is carrying the markets, as some FOMO is starting to get some grip on the markets with the merge and ETH 2.0 coming up. Through that, expecting to see $ETH continue towards $2.5K and $BTC towards the $30K region in the coming month.

Some market participants are wondering if “The Merge” will operate as a “buy the rumor, sell the news” event. In other words, whether Ethereum will rally into September only to see a sharp decline after the hype around the event mitigates.

As NewsBTC reported earlier, the market is showing signs that could support this theory. In particular, the lack of accumulation from large investors, and Bitcoin lagging behind the rest of the crypto market.

Traders might be more confident about a potential sustainable price action if Bitcoin and Ethereum move in tandem with support from whales. In the meantime, uncertainty will remain king.

What Could Push Ethereum Higher Before “The Merge”

Former CEO at BitMEX Arthur Hayes shared a shift in dynamics for ETH futures contracts. The price of these investment instruments have been lagging the spot market.

Ethereum ETH ETHUSDT
Source: Arthur Hayes via Twitter

Hayes speculated that this is happening because there are a lot of traders hedging their position before “The Merge”. If the event is successful, and institutions have taken a neutral long position on Ethereum with retails increasing their buying pressure, a chain of events could contribute to a more bullish continuation for the price of Ethereum:

(…) the pressure is on the buy side, and market makers are short futures and must go long spot. A reversal of their positioning pre-merge. This is a positive feedback loop that leads to higher spot prices should the merge go smoothly on Sept 15th. If you believe the merge is going to succeed, then this is yet another positive structural reason why $ETH could gap higher into the end of the year.

Source link

Will Crypto Destroy the old-Style Banking Industry?


  • Trending
  • Comments
  • Latest
Expert Bitcoin Price Predictions: From K to K in 2023, and Beyond

Expert Bitcoin Price Predictions: From $20K to $38K in 2023

1 February 2023
How Investigators Trace Crypto Criminals?

How Investigators Trace Crypto Criminals?

30 January 2023
How to trade cryptocurrency on Coinbase

How to trade cryptocurrency on Coinbase

31 January 2023
MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

2 February 2023
How to trade cryptocurrency on Binance

How to trade cryptocurrency on Binance

27 January 2023
Sberbank Cover 1024x538 1

Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform

5 February 2023
upload 7d22bc5d7be9c0d5d8f50161734559ae

KZG Ceremony Grant Round | Ethereum Foundation Blog

5 February 2023
Article Post Images 23

Bitcoin (BTC) Price to Surge 8x If This Scenario Plays Out – Here’s How and When

5 February 2023
crypto hacking

Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News

4 February 2023
ripple sec lawsuit

Ripple Vs SEC Update: Latest Hearing Offers Hope, XRP Gains Upper Hand

3 February 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)€21,111.37-2.63%
    BITCOIN
    24H : -2.63%
    Volume : €26,363,234,063.72
    Marketcap : €406,848,814,627.77
  • ethereumEthereum(ETH)€1,507.24-2.46%
    ETHEREUM
    24H : -2.46%
    Volume : €7,763,669,474.86
    Marketcap : €181,435,863,361.22
  • usdex-stablecoinUSDEX(USDEX)€0.995-0.96%
    USDEX
    24H : -0.96%
    Volume : €118,440.27
    Marketcap : €102,881,883,688.82
  • tetherTether(USDT)€0.927-0.10%
    TETHER
    24H : -0.10%
    Volume : €35,411,424,173.84
    Marketcap : €63,135,596,569.10
  • binancecoinBNB(BNB)€299.98-2.71%
    BNB
    24H : -2.71%
    Volume : €926,248,253.47
    Marketcap : €40,464,038,608.32
  • usd-coinUSD Coin(USDC)€0.9270.0100%
    USD COIN
    24H : 0.0100%
    Volume : €2,602,249,707.86
    Marketcap : €38,891,646,275.08
  • rippleXRP(XRP)€0.371-2.55%
    XRP
    24H : -2.55%
    Volume : €936,874,834.52
    Marketcap : €18,835,849,666.01
  • binance-usdBinance USD(BUSD)€0.926-0.02%
    BINANCE USD
    24H : -0.02%
    Volume : €8,729,929,552.39
    Marketcap : €15,060,665,528.05
  • cardanoCardano(ADA)€0.363-1.95%
    CARDANO
    24H : -1.95%
    Volume : €353,667,901.69
    Marketcap : €12,702,478,830.36
  • dogecoinDogecoin(DOGE)€0.086-3.28%
    DOGECOIN
    24H : -3.28%
    Volume : €859,113,090.56
    Marketcap : €11,774,487,878.58
  • okbOKB(OKB)€41.000.080%
    OKB
    24H : 0.080%
    Volume : €24,138,544.78
    Marketcap : €10,128,072,278.55
  • matic-networkPolygon(MATIC)€1.10-4.21%
    POLYGON
    24H : -4.21%
    Volume : €566,709,485.18
    Marketcap : €9,887,626,584.88
  • solanaSolana(SOL)€21.47-4.95%
    SOLANA
    24H : -4.95%
    Volume : €632,378,774.95
    Marketcap : €7,985,863,012.58
  • shiba-inuShiba Inu(SHIB)€0.000014-2.79%
    SHIBA INU
    24H : -2.79%
    Volume : €989,082,698.40
    Marketcap : €7,969,195,043.02
  • staked-etherLido Staked Ether(STETH)€1,503.26-2.51%
    LIDO STAKED ETHER
    24H : -2.51%
    Volume : €12,516,762.25
    Marketcap : €7,594,192,944.00
  • polkadotPolkadot(DOT)€6.18-3.00%
    POLKADOT
    24H : -3.00%
    Volume : €248,173,548.72
    Marketcap : €7,406,232,650.53
  • litecoinLitecoin(LTC)€88.91-2.64%
    LITECOIN
    24H : -2.64%
    Volume : €484,813,175.27
    Marketcap : €6,409,254,779.57
  • avalanche-2Avalanche(AVAX)€18.42-5.23%
    AVALANCHE
    24H : -5.23%
    Volume : €321,528,097.13
    Marketcap : €5,797,385,920.15
  • tronTRON(TRX)€0.059-2.10%
    TRON
    24H : -2.10%
    Volume : €480,017,666.41
    Marketcap : €5,372,965,489.91
  • uniswapUniswap(UNI)€6.32-5.86%
    UNISWAP
    24H : -5.86%
    Volume : €142,913,825.99
    Marketcap : €4,756,156,584.46
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}