Izvršni direktor BitMEX-a vrši veliku bikovsku trgovinu na Ethereum-u (ETH) do kraja godine

After a strong rally recently, the world’s second-largest cryptocurrency Ethereum (ETH) has been under selling pressure just two days before the Merge. ETH is currently trading at a price of $1,716 with a market cap of $208 billion.

Some market analysts believe that the Merge event will be a “sell the news” event and the ETH price could probably correct from here onwards. These analysts expect the optimism to end with The Merge and the global macro conditions to exert selling pressure.

However, BitMEX founder and CEO Arthur Hayes remains bullish and expects ETH to touch $3,000 by the end of the year. During a recent podcast interview, Hayes lauded Ethereum for undergoing a major infrastructural change with Ethereum’s PoS transition. “The flows are guaranteed as long as the merge is successful!” he added.

Being bullish for ETH, Hayes is taking a bet on the ETH price rally by the year-end. The BitMEX CEO Dodato:

I have bought calls for $3000 by the end of the year. I am not worried about the FED because even if the FED raises rates by 20%, there will be a certain amount of demand for $Eth to use the dApps and the supply isn’t there to meet it!

The reason behind choosing the December strike is that there would be strong liquidity at the end of the year.

Ethereum On-Chain metrika

The on-chain metrics also suggest a bullish divergence for Ethereum. On-chain data provider Santiment objašnjava:

We are officially less than two days from the big #Ethereum spajanje, & on-chain metrika izgleda pozitivno za vrijednost tržišne kapitalizacije broj 2. Prema našem NVT modelu, omjer između jedinstvenih $ ETH se premešta i trenutna tržišna kapitalizacija mreže je u najboljem stanju u poslednjih 16 meseci.

The world’s second-largest crypto ETH has shown a strong rally overwhelming Bitcoin’s gains since July 2022. Will the Ethereum Merge event help ETH to flip bitcoin in the upcoming years?

Bhushan je FinTech entuzijast i ima dobar osjećaj u razumijevanju finansijskih tržišta. Njegovo zanimanje za ekonomiju i financije skreće mu pažnju prema novim Blockchain tehnologijama i tržištima kriptovaluta. Konstantno je u procesu učenja i drži se motiviran dijeljenjem stečenog znanja. U slobodno vrijeme čita romane o trilerima, a ponekad istražuje svoje kulinarske vještine.

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