Cardano, and Ethereum – European Wrap 15 September

Cardano price sees investors focusing on retail numbers out of the US today, as markets try to   get their heads around a myriad of moving elements – from the EU measures to tackle the energy crisis, to Japan where the central bank is near to intervening in forex markets. The risk for Cardano price is that a rejection from the monthly pivot could trigger a further drop lower. price planted its flag on a higher high as it rallied between September 7 and 10 – despite the broader downtrend. This blip can be attributed to an explosion in Bitcoin price, the aftereffects of which were felt by the broader crypto market, including The pullback after this peak now seems to be stabilizing, suggesting a bottom may be in for CRO bulls to take the reins and trigger a small rally.

CRO/USDT 1-day chart

Ethereum Merge will have a massive impact on the crypto ecosystem. Despite its short history, crypto has several key updates lined up, the Merge and the ETHW hard fork. The successful completion of the Merge could alter the future of the DeFi ecosystem and several dApps that rely on the Ethereum blockchain for conducting business. 

Ether funding rate across major cryptocurrency exchanges