$ETH
#FedWatch #EarningsSeason
Ticker: ETH
Around $2,345
29 October market report
What is it?
Ethereum is a blockchain that supports smart contracts, decentralised applications, DeFi, and many stablecoins.
Why it is interesting
Large developer and application ecosystem.
Widely used in decentralised finance.
Important infrastructure for tokenised assets and blockchain applications.
Risks
Competition from other blockchains.
Network fees and scalability remain important considerations.
ETH has been under pressure during October.
Price levels to watch:

My view: Interesting for a longer-term investment thesis, but I would look for a stronger recovery above resistance before calling it bullish.
#FedWatch #EarningsSeason
Ticker: ETH
Around $2,345
29 October market report
What is it?
Ethereum is a blockchain that supports smart contracts, decentralised applications, DeFi, and many stablecoins.
Why it is interesting
Large developer and application ecosystem.
Widely used in decentralised finance.
Important infrastructure for tokenised assets and blockchain applications.
Risks
Competition from other blockchains.
Network fees and scalability remain important considerations.
ETH has been under pressure during October.
Price levels to watch:

My view: Interesting for a longer-term investment thesis, but I would look for a stronger recovery above resistance before calling it bullish.