🔥 Why does Ethereum fall after the MERGE? Where the fall stop?

업데이트됨

Hi friends! ETH fall after the merge and even BTC make a local pullback on this fall. But how long will the price fall and where is the best place to buy?

✅ Fundamental analysis

📊 What event can be compared to the Merge to understand how the price will move further?
The most acceptable event for us is not the fork of some atcoins but the BTC halving✅ After the halving BTC price is falling for the some time. This happen because of the high retail traders expectations. A lot of retailers wait for the PUMP on the halving but get only BTC conolidation or local decline.

🚩 So the fall after some crypto events it`s not something unusual if we compare the MERGE and BTC halving. This fall is liquidate overleveraged traders, force retailers to close their trades in loss. And it`s good for us, the desciplined traders who know what to do on such bear and crypto events markets as we are.

📊 Why could Etherium lose its Altcoin #1 status?
After the PoS switch, 46% of transactions in the Etherium network are controlled by only 2 validators (2 addresses). As far as we know, the main advantage of cryptocurrency over fiat money is decentralisation.

If the situation does not change soon and many new players do not appear, we can forget about decentralization on the new Ether and the price may fall even lower, as big players will start to slowly sell off this insecure cryptocurrency.

✅ Technical analysis

📊 The downtrend.
Ethereum is in a downtrend as we can see on the chart. If the cryptocurrency is in a downtrend, then no event will help to grow, especially such a large cryptocurrency.

The series of lower lows (LL) and lower highs (LH) continues. We have to wait the new higher highs (HH) and higher lows (HL) to get nice longs and make money on the growth.

📊 The value areas where we can expect the price reversal are:
1. $1050-1250 - the closest value area
2. $530-660 - an area, which with a probability of 90% the price will not reach, but it is worth to mark

✅ I`ll be looking for the whales orders to BUY on the DOM and Footrpint scalping tools. For example, 3000-4000 ETH orders to buy confirm me the WHALES pressence. A several days ago it helps me to identify the large sell order WALL after what the price of BTC and ETH, so that are very usefull tools.

🚩 Pay your attention to the volume indicator if you don`t use DOM and Footprint. Actually it has less efficiency than that scalping tools but also can confrirm you the pressence of whales!

Also, the squeeze to the global trendline will be a good signal after the such DUMP. Don`t miss the enrty point and don`t lost your deposit before the bull run in the 1-2 years! Now it`s better time to learning, testing new tools and strategies, especially for the beginners!

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.

노트