MARKET MOVEMENT Over the past few weeks, we’ve seen a steep | Coin Bureau Insider

MARKET MOVEMENT

Over the past few weeks, we’ve seen a steep slow down in NFT and ON-Chain activity involving ETH, which has directly affected to gas prices, which has dropped 72% in a matter of less than a month from our All Time Highs. This could be an early indicator of a new trend, and a move we’re ready to catch.

What does this translate into in the short and mid term?

This violent drop in gas prices means that ETH is consolidating around a level accepted by a vast majority of the market, and it could potentially mean that our new mid term bottom for ETH is at $3,000 from where we would be seeing the next run in both ETH prices and gas rates.
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We told you first,