Hello my Fellow TraderZ,
Yesterday we had a big event in the world of #CRYPTO. Say the Queen of #Crypto - $ETHEREUM was shifted from the Proof-of-Work to Proof-of-Stake. This is itself a big news for $ETH as in future this will make $ETH more scarce.
Many were eyeing on the value Post Merge and it was expected that price would see a sharp rise or atleast lead to the previous local High, but nothing happened rather price decided to visit South.
Now price is near the Confluence Zone(Yellow Circle) and I m expecting a bounce here. Funding Rate is decreasing which means more and more late SHORTS are opened which could be #SQUEEZED
Yesterday we had a big event in the world of #CRYPTO. Say the Queen of #Crypto - $ETHEREUM was shifted from the Proof-of-Work to Proof-of-Stake. This is itself a big news for $ETH as in future this will make $ETH more scarce.
Many were eyeing on the value Post Merge and it was expected that price would see a sharp rise or atleast lead to the previous local High, but nothing happened rather price decided to visit South.
Now price is near the Confluence Zone(Yellow Circle) and I m expecting a bounce here. Funding Rate is decreasing which means more and more late SHORTS are opened which could be #SQUEEZED
