Shorting $ETH might be a short-sighted decision, but this trader succeeded and received praise from Peter Brandt
Thankfully, Demeester used all the rules when shorting an asset that allowed him to close his position at the right time, which was noted by Brandt.returns to the downtrend it has been moving in since November 2021. The continuation of the bearish trend is most likely unquestionable until the Merge update goes live.
Unfortunately, the on-chain data suggests investors are not interested in the big update and do not expect anything from it. The activity of the large wallet returned to an anemic level, and the network's revenue is still at pre-bullrun levels.
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