Will the Merge Be Bullish for Ethereum?
- By Bilal Hafeez and Dalvir Mandara
- 12 min read
Summary
Trading View (next 2-4 weeks): We like to be neutral ethereum
Investment View (next 1-3 years): We like to hold ethereum
Macro Signals
- Hawkish Fed minutes from the March policy meeting were released.
- Ethereum and equity correlations remain above 80%, with both markets sliding on the Fed minutes.
- Risks remain around the Russia-Ukraine war and a potential recession.
- The macro backdrop moves from neutral to bearish.
On-Chain/Flow Signals
- Bullish signals across five of our seven metrics, with the other two giving neutral signals.
Overall View
- With the macro backdrop bearish but on-chain/flow metrics still very positive, our overall signal is neutral ethereum.
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Great info here, thanks Bilal !