Ethereum stuck in downward channel
Which scenario do you think is most likely?
A, B, C, or none of the above?
It's possible it breaks free from this downward channel but sentiment for crypto has turned overwhelmingly bearish. B and C might be the more likely scenarios.
Uncertainty around whether or not inflation is transitory could have something to do with the stalling out, but monetary and fiscal policy has proven and reaffirmed that they will only devalue fiat currency which should be bullish for crypto.
A, B, C, or none of the above?
It's possible it breaks free from this downward channel but sentiment for crypto has turned overwhelmingly bearish. B and C might be the more likely scenarios.
Uncertainty around whether or not inflation is transitory could have something to do with the stalling out, but monetary and fiscal policy has proven and reaffirmed that they will only devalue fiat currency which should be bullish for crypto.
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