The Lower Ethereum Goes Right Now The More Forceful Would Be The Ensuing Rip In The Post Merge Era
Ethereum (ETH) has plunged around 22 percent from its recent zenith of $2,021 recorded on the 13th of August, precipitated by moderation in erstwhile animal spirits that had taken hold of much of the risky asset universe amid expectations of an imminent dovish pivot by the US Federal Reserve. Hammered by the budding risk-off sentiment as the meme stock mania 2.0 has apparently run out of fuel, coupled with an absolutely atrocious German PPI print which again hammered home the likelihood of elevated structural inflation for the foreseeable future, Ethereum is experiencing a price correction right now, one which sets the stage for an even more outlandish rip in the post-merge phase....