Is it foolish to expect a massive Ethereum price surge pre- and post-Merge?

Is it foolish to expect a massive Ethereum price surge pre- and post-Merge?

Ether’s (ETH) impressive 85% gain in the past 30 days has surprised even the most bullish investors, and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story, and the data suggests that professional traders remain highly skeptical.

Ether 1-day price index, USD. Source: TradingView

It’s important to remember that the leading cryptocurrency, Bitcoin (BTC), gained 28% in the same…


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