Analyst John Bollinger explains Ethereum’s decline after the PoS transition
Earlier, he urged crypto traders to be cautious as the underlying trading dynamics continue to change
17.09.2022 - 10:30
234
2 min
0
What’s new? Renowned technical analyst John Bollinger has expressed skepticism about the Ethereum network’s transition from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). In the days leading up to The Merge, his tweets were increasingly about Ethereum. On September 9, Bollinger analyzed the price chart, showing that the crypto asset was at the top of a range near the $1723 mark. Since then, however, the price of ЕТН has started to decline vigorously, and the upgrade, he said, has not provided any support.
I see that $ETH survived the merge. Pondering...— John Bollinger (@bbands) September 16, 2022
What did the expert say earlier? In August, Bollinger urged crypto traders to be cautious as the underlying trading dynamics continue to change. In January, the analyst warned investors that the growing adoption of crypto assets, especially among institutions, is making the market more difficult to trade.
What is known about the expert? John Bollinger is an American writer, financial analyst, expert in the field of technical analysis, and the creator of the technical analysis tool called Bollinger Bands. Since 1987, he has published the “Capital Growth Letter,” a newsletter that provides technical analysis of the financial markets.
Bollinger Bands are a technical analysis tool that shows the current deviation of the price of a stock, commodity, or currency. It is calculated on the basis of the standard deviation from the simple moving average (MA).
As of September 17, 10:40 UTC, ETH is trading at $1424, having lost 3,36% in price per day, according to Binance.
Useful material?
Telegram 
Twitter Market
It costs more than $2000 an hour for a company specialist, while at least 100 employees are involved in the proceedings on the collapse of the exchange
Jan 27, 2023
Market
The entrepreneur agrees to eat a Happy Meal live if the restaurant adds DOGE as a means of payment
Jan 27, 2023
Market
Cryptocurrency expert Dylan LeClair also noted that the average rate of most coins has been showing positive dynamics over the last 30 days
Jan 27, 2023
Market
At the DAO vote, the initiative received the support of about 99% of the participants
Jan 27, 2023
Market
The index rose to 55 for the first time since March 30, 2022
Jan 27, 2023
Market
The cost of the accounts ranges from $50 to $300, depending on the availability of verification
Jan 27, 2023
Cryptocurrency rates
-
Bitcoin
$22 767
BTC
-2.57%
-
Ethereum
$1 621.18
ETH
-2.74%
-
Ripple
$0.4
XRP
-2.7%
-
Cardano
$0.39
ADA
-2.12%
-
Dogecoin
$0.09
DOGE
-3.78%
-
Polkadot
$6.63
DOT
-3.35%
-
Litecoin
$95.63
LTC
-2.84%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$165.38
XMR
-4.44%
-
Bitcoin-cash
$132.57
BCH
-3.59%