Market research firm Bernstein, Bitcoin’s biggest competitor Ethereum Wrote a new review for
Bernstein analysts Gautam Chhugani and Manas Agrawal also referred to the general state of the crypto market in their analysis published today. ETH gave his opinion on
After the rise in January, experts welcomed the flat course of the crypto market in February for the long term, while emphasizing that the Ethereum price could explode in the light of 2 main themes:
- Ethereum is the absolute leader in the smart contract market.
- Network growth continues to exceed expectations, albeit stagnating in the bearish market.
“If Conditions Allow…”
Gautam Chhugani and Manas Agrawal gave the following words for Ethereum in their analysis note:
“Never in the 8-year history of Ethereum have the stars been so perfectly aligned in our view. While the bear market outpaced all its competitors, ETH showed great resistance.”
“The Shanghai Upgrade Is Crucial”
Bernstein analysts also commented on the near future of Ethereum in their opinion text.
Experts Shanghai After the successful update, it will monitor the ETH supply. Oversupply may occur after stakers pull back. According to crypto analysts, if Ethereum successfully passes this test, its future is open.
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