Ethereum price saw a faster recovery than usual after its 7th 50% drawdown in history.
." But the ETH/USD pair recovered half of its losses by rising from its bottom level of $2,150 to as high as $3,234 in less than three weeks.
"Ethereum and the broader crypto ecosystem look very different from 2016-2018. Still, if history is any indication, and leaving out a new glacial period like 2018, we could perhaps see prices back in the $4,000 range as early as July 2022."Chris Burniske, a partner at Placeholder — a New York-based venture capital firm, alsofor Ethereum albeit based on its expected transition this year to proof-of-stake from proof-of-work.
"2H 2022 could be great for ETH if the merge happens on schedule and the market structure of the asset goes through a huge shift from PoW to PoS." The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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