2022-09-24 11:00:41
MARKET MOVEMENT
Since the merge last week, we can clearly see that ETH forks (ETHW and ETF) have been drastically underperforming ETH and ETC. This has for the most part expected, considering previous market behaviors, however, the reaction has been much more violent than we had foreseen before the merge, which is likely an indicator of new market behaviors gaining strength.
How will this affect the market (ETH and alts) in the mid term?
We’ll likely see this trend continue, with ETH and ETC once again starting to gain their previous mid term resistance levels as support, and potentially sending us towards new mid term highs. ETC and a couple of high market cap alts are expected to be the biggest winners, on which we’ll also be updating.
118 viewsLuke || VCT, 08:00