I am very interested to see what happens with ETH short term. The merge is this week, I honestly can’t predict what’s going to happen, which way it’s going to go.
Many people are suggesting we will see a relief rally if everything with the merge goes to plan. This could push the price to the OP suggested $2,100.
Will be interesting.
The market turned bearish today after US inflation rates didn't decline as expected, so I doubt ETH will reach $2.1k by the time "The Merge" is completed. We can't expect market prices to turn bullish for a prolonged period of time unless the global economy shows signs of recovery. I don't get why there's so much hype surrounding ETH's PoS upgrade, when other chains adopted PoS before ETH. These are uncertain times we're living into, so we should expect the unexpected. Either prices rise or go all the way down the drain.
Yep, when we think that we are in a rally because of the ETH merge news, suddenly the CPI didn't affect us so bad that the market had a flash crash. Fortunately, it seems that the crash has somewhat stop, currently trading around $20,400. So at least the price didn't go down way below like $18,000 which we did the last time.
It's always important to diversify your investment into more than one cryptocurrency to minimize risks of loss as much as possible. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion
I guess diversity should be in other assets a well, like stocks or even mutual funds or bonds. At least an asset that is not as volatile as crypto will be good in the long run for us.