Will Ethereum Merge hopium continue, or is it a bull trap?

2022.07.20 10:53

Will Ethereum Merge hopium continue, or is it a bull trap?

Ethereum is outperforming the broader cryptocurrency market as the highly anticipated Merge approaches, but the bigger picture is still largely bearish.

Ethereum (ETH) has gained a whopping 48% over the past seven days, outperforming its big brother Bitcoin, which has only managed to achieve 19% in the same period. It’s also up 66% from its market cycle bottom of $918 on June 19, reaching its current price of $1549.

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