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Helloooooo out there in the world of Crypto!
My name is Trevor and Ethereum's Historical Monthly Chart for April 1st, 2022 is here!
If you are looking at this chart for the first time and are a little bit confused, do not worry.
For a better understanding of what we are looking at here with Ethereum's price.
Make sure you check out the video or the article below for a more detailed explanation.
https://www.publish0x.com/trevor-balthrop/bitcoins-historical-monthly-chart-explained-xpplynr
https://youtu.be/8OrOJsz4etg
Ethereum has closed March and Opened in April at a price of $3,281.64
This marks the charts for another Green month on Ethereum's price action!
This may have been a little bit surprising to most seeing how brutal this year has already been to most investors.
Times certainly have shifted and the prices on things for crypto might seem like they are recovering.
We are not quite out of this overall Downtrend just yet.
When we do break this downtrend it is most likely that we would see some sort of long-term sideways action.
The other scenarios are we Dump hard or Pump hard!
That's always the case of course, but right now consolidation seems most likely.
A dump to lower lows seems least likely and a pump to new All-Time Highs is shaping up better.
So what shifted the market to becoming so positive again?
The month of March was jam-packed with news and analytics coming from all over the place.
We have the people over at Terra going crazy with their Bitcoin buying hype.
The Fed in the US finally hiked interest rates up 25 points.
The War in Ukraine and Sanctions have shown crypto enthusiasts and critics alike, how important of a role they can play in society.
And last but certainly not least!
Ethereum 2.0 launched its final round of testing Proof-of-Stake on their testnet which went extremely well.
So for all the Ethereum haters out there thinking 2.0 was never coming?
Those guys are about to be proven very terribly wrong...
There is no telling when exactly this shift will be launched on the mainnet, however, the most important milestone has been crossed.
Meaning those guys over at Ethereum can actually start having serious discussions on finally implementing POS on Ethereum.
Ethereum despite the fierce competition from Terra, BSC, Cronos, and all the other layer 2's out there, continues to gain momentum on Bitcoin.
It is still very much on track to outperform Bitcoin this year.
This is pretty impressive given the fact that many investors have shifted away from Ethereum to save on costs associated with using it.
With Ethereum ending another month in the positive, we are in for some pretty crazy times ahead.
It might be rocky here for a few months but don't forget the fact that many are gearing up still for the impending Ethereum Triple Halving that is now shaping up more nicely than ever before.
Thanks, everyone for checking out the monthly historical chart for Ethereum and I hope you all have another BEAUTIFUL day in crypto!
This is Trevor's signature
and article!
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www.TrevorBalthrop.com
