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Why Buying Ethereum At This Time Might Be A Bad Idea?

The Ethereum (ETH) Merge is a month away, and the entire crypto community awaits the revolutionary event. In anticipation, most investors have taken to stacking up ETH tokens, awaiting the positive price action The Merge will influence. However, an analyst has highlighted why purchasing ETH at this point in time is a bad idea.

Ran NeuNer believes the upside of ETH is almost priced in

Ran NeuNer, analyst and anchor of crypto YouTube channel Crypto Banter, taking to YouTube, analyzed the current state of the crypto markets. NeuNer highlighted a few recent trends, including the Ethereum Merge, the hype around it, and the growing interest in ETH.

NeuNer admitted that the Ethereum ecosystem is “amazing,” and its transition to PoS is a welcome development. However, he noted that holding ETH within this period could send investors underwater.

NeuNer mentioned that it is true that ETH’s price is going to “run” due to The Merge.

But at some point, you get to a point where the upside and the downside are asymmetrical,

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 18.08.2022

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