Ethereum Macro iH&S + Fundamental Drivers
Ethereum looks to be retesting a key level at around $230, coincidently this is the neckline of a macro inverse head and shoulders. BTC pair also looking particularly strong and dominance looks like it will continue to be strong as the altcoin markets slowly wakes up.
Fundamentally, Ethereum is transitioning to a Proof of Stake (PoS) protocol over the course of the next year which will ad further deflationary pressure to network due to staking. As hyperinflation sets in and negative interest rate proposals continue to be discussed as a legitimate resolution, cryptocurrency and open finance will the be lifeboat for a new generaation of savers. Decentralised Finance (DeFi) protocols will continue to provide attractive yield opportunities which traditional banking will not be able to compete with.
Wether Bitcoin maximalists want to believe it or not, a new wave of adoption will come through the gates of Ethereum and it will make the ICO boom of 2017 look like childs play.
The Age of the Ether is here.
Fundamentally, Ethereum is transitioning to a Proof of Stake (PoS) protocol over the course of the next year which will ad further deflationary pressure to network due to staking. As hyperinflation sets in and negative interest rate proposals continue to be discussed as a legitimate resolution, cryptocurrency and open finance will the be lifeboat for a new generaation of savers. Decentralised Finance (DeFi) protocols will continue to provide attractive yield opportunities which traditional banking will not be able to compete with.
Wether Bitcoin maximalists want to believe it or not, a new wave of adoption will come through the gates of Ethereum and it will make the ICO boom of 2017 look like childs play.
The Age of the Ether is here.
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