2018 Ethereum price fractal suggests a $400 bottom, but analysts say the merge is a ‘wildcard’ By Cointelegraph

2018 Ethereum price fractal suggests a $400 bottom, but analysts say the merge is a ‘wildcard’

There’s no rest for the weary during a bear market, and the Crypto Fear and Greed index shows that investor sentiment has been stuck in a state of “extreme fear” for a record 70 consecutive days.

As the market looks for a catalyst to reverse the trend, there is little on the horizon besides the Ethereum (ETH) Merge that seems capable of sparking a rally. If that is indeed the case, the market could continue to trend down or sideways until the tentative Merge date of September 19.

ETH/USDT 1-day chart. Source: TradingView
1-day chart. Source: Twitter (NYSE:)
ETH/USD 4-hour chart. Source: Twitter.
30-day returns for Ethereum. Source: Jarvis Labs
30-day returns for Ethereum. Source: Jarvis Labs
ETH/USDT 4-hour chart. Source: Twitter