CosenSys founder and leading Ethereum One of its developers, Joe Lublin, noted that ETH has been calmer than other altcoins during the bear market and stated that he is hopeful for the upcoming bull season.
Lublin spoke at the Web3 summit in Tel Aviv, Israel. The crypto phenomenon said the following, referring to the fact that the market has been over-pricing lately:
“Especially in the crypto market, we see irrational movements. With the collapse of Terra and FTX, volatility literally flew into space. We’re seeing lower lows and higher highs.”
CosenSys The founder likened last year to 2000, when the dot-com bubble burst. For this reason, Lublin does not expect a bull frenzy in the coming period where investors are constantly buying. However, the calmness in the market will provide an important convenience in the development of large projects.
Joe Lublin welcomed the fact that ETH price did not go below $ 1,200 despite all that happened. The absence of investors willing to sell their tokens cheaper means the footsteps of the rise in the long run.
ETH Analysis
Bitcoin’s biggest competitor is trading with a seller today.
$ETH As of now, it is trying to hold on to the $1,650 support. Ethereum could visit $1,500 if the support level is broken.
Ethereum is currently finding buyers with the $1,650 tag.
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