Ethereum: While Price Bombs, Network Activity Remains High

Jun. 14, 2022 1:08 PM ETEthereum USD (ETH-USD) CryptoETH-USD7 Comments
Mike Fay
5.73K Followers

Summary

  • The entire financial market is in meltdown mode.
  • Ethereum developers agreed to another delay of a PoS merging milestone last week.
  • Despite abysmal price action, the Ethereum network fundamentals still look strong.

Horizontal view of cryptocurrency tokens including Ethereum seen from above on a black background with light trails

Avi Rozen/iStock Editorial via Getty Images

It's been a rough few months for the cryptocurrency market. No chain has been left spared by the carnage that risk assets have broadly experienced as a result of projected monetary tightening from the


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This article was written by

5.73K Followers
Former media research analyst. Main coverage areas are crypto, BTC miners, metal, and media equities. I'm not an investment advisor. I just share what I do with my own capital and why. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ETH-USD, BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I'm not an investment advisor. I share what I do and why I do it.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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