The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Alex Kruger Predicts Ethereum Will Shoot Up As Major Upgrade Approaches – But There’s a Catch

by Daily Hodl Staff
September 9, 2022
in Ethereum

Economist and crypto trader Alex Kruger believes that Ethereum (ETH) could rally as it transitions to a proof-of-stake consensus mechanism, colloquially known as the merge.

Kruger tells his 145,500 Twitter followers that the August inflation numbers as measured by the US Consumer Price Index (CPI) indicator, which is next scheduled to be released on September 13th, will boost risk assets over the short term.

Consequently, Kruger says that Ethereum could surge by up to 28% from the current levels.

“If trading ETH directionally for the merge probably want to go long into the event with stops right above the August lows and shoot for a $1,700 break to take price into the $1,800 – $2,100 range. Expect CPI next week to give risk assets a one-week boost.”

Ethereum is trading at $1,635 at time of writing.

While arguing that a stock market rally is necessary to trigger a crypto bull market, Kruger says that Ethereum could continue to outperform Bitcoin (BTC) following the transition to a proof-of-stake consensus mechanism.

“Fundamentally the merge improves ETH attractiveness via lower energy consumption and more importantly vastly improved tokenomics. Continued (yet diminished) outperformance vs. BTC makes sense on a larger time frame.

That is highly likely not enough to kick start a bull market by itself. Need a bull market in equities for that.”

The economist and crypto trader, however, says that the days following the merge could get “messy” as Ethereum trades are closed.

“The merge unwind could be very messy, as spot longs and futures shorts get closed. If playing long, naked futures should have an extra kick (futures, not perpetual futures).”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sergey Nivens

Submit a Press Release

Industry Announcements

  • Coinbase-Backed DeSo Unveils MegaSwap, a ‘Stripe for Crypto’ Product, With Over $5 Million in Volume
    February 7, 2023
  • Chainflip Partners With Axelar and Squid To Expand DeFi to New Assets
    February 7, 2023
  • Sidus Heroes Named Number One Gaming Metaverse in UAE
    February 7, 2023
  • Binance Launches Free Tax Tool To Provide Tax Details for Crypto Transactions in First Step of Global Launch
    February 6, 2023
  • BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations
    February 2, 2023
  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,245.23
$23,245.23
1.09%
Ethereum
$1,668.58
$1,668.58
1.43%
Cardano
$0.395759
$0.395759
1.19%
XRP
$0.402754
$0.402754
0.09%
Dogecoin
$0.09213
$0.09213
0.35%

Spotlight

  • Celsius Was Using Customer Deposits To Fund Withdrawals, According to Bankruptcy Examiner
    January 31, 2023
  • Crypto Strategist Who Accurately Predicted 2023 Bitcoin Bottom Updates Forecast on BTC, Ethereum and Litecoin
    February 3, 2023
  • Bitcoin Could Be About To Do the ‘Unthinkable’ Amid Major Trend Shift, According to Top Analyst – Here’s What He Means
    February 6, 2023
  • ARK Invest’s Cathie Wood Details Massive 2,000% Bitcoin Rally Prediction After Crypto Market Bounce
    February 1, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl