Ethereum Sinks Deeper As ‘The Merge’ Nears, while Bitgert Remain Stable

Key Points:

• Ethereum has dropped 12% in the past 24 hours
• Ethereum is now trading below $1,500
• Bitgert (BRISE) remain stables

The crypto market might be headed for another devastating crash as the Fed's rates hike due to the soaring inflation. Ethereum and Bitgert are two projects already hit by the current bear market condition. The Ethereum coin has declined 12% in the past 24 hours, making it one of the biggest ETH drops in a while.

Bitgert (BRISE), on the other hand, has been among the coins that have managed to maintain a stable price. In fact, Bitgert is one of the crypto projects that have managed to keep the selling pressure at the lowest. With few Bitgert holders releasing their holdings during this bear market, Bitgert has managed to have one of the most stable prices at the moment.

But there is also a growing number of investors buying Bitgert, which has greatly helped to cancel out the Bitgert selling pressure. This is evident from the recent announcement of Bitgert holders' count reaching 150k. Bitgert community is projected to keep bulging.

But there is more that's keeping Bitgert price solid and stable. The Bitgert developments that are coming up are getting more crypto investors into buying the Bitgert coin. There are a lot of disruptive products from Bitgert roadmap V2, and Bitgert backed projects. These Bitgert development are the reasons crypto analysts believe that Bitgert is headed for a bullish explosion.

On the Ethereum project, the anticipated Fed inflation regulations are the major reason ETH is plummeting. This is reflected in the entire market, and Ethereum is no exception. However, the fact that Ethereum is flopping ahead of the widely anticipated 'merge' is what has many crypto investors worried.

There was a lot of hope that Ethereum's health was going to improve going forward, and no one saw Ethereum coin trading below $1,500. At the time of this writing, Ethereum was trading at $1,460.68 and still looked bearish.

Therefore, Ethereum is likely to continue dropping for the rest of the day and probably until the Fed rates are released. The Federal Reserve Board is meeting a few days from now, and from the meeting, Ethereum and other coins' performances will be determined.

Conclusion

In conclusion, Ethereum might sink further and further in the coming days. The bear market might continue for the next few days, but Bitgert is expected to remain stable. However, the Fed pronouncement will greatly determine the direction Ethereum, and Bitgert prices will take.