Ethereum meltdown has come and gone, leaving investors pondering what the next market trend might be. In a Cointelegraph Twitter (NYSE: TWTR ) space with Capriole founder Charles Edwards, the analyst mentioned that the excitement over the Ethereum merger and its bullish price action had kept the market hopeful. Now that the event has come and gone, the cryptocurrency market has sold off, with Bitcoin ( BTC ) trading below $20,000 and Ether (ETH) below $1,500. Translation done with the free version of the translator www.DeepL.com/Translator
Eventually, new market narratives and trends will emerge, and if the fundamentals are correct, traders will rotate funds as these new leaders emerge.