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Ethereum Shows Bullish Picture Amid High Fees, Says Crypto Analyst -Breaking

by Mike Robinson

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© Reuters. According to Crypto Analyst, Ethereum shows a bullish picture despite high fees
  • It still shows a bullish picture despite its high price.
  • Davis claims that the PoS, which Davis has long awaited, will address all ETH high-fee issues.

One of the crypto traders and analysts Lark Davis is feeling extra positive about Bitcoin’s rival Ethereum (ETH). According to Lark Davis, ETH has a large picture that allows it to remain bullish despite its current situation with high gas fees.

He further stressed that the ETH fee is one of the issues that sucks in the market but people shouldn’t just look down upon it. Instead, looking at how layer-two technology has geared up to offer a big solution, Ethereum’s Proof-of-Stake (PoS) will soon come to solve all these high gas fee problems.

Davis even believes this time, that the PoS consensus mechanism (yet to be implemented) will simplify the process of reducing high fees on the Ethereum network. This will, without a doubt improve the ETH network’s performance as well as its daily transactions.

He said:

“A lot of people are getting salty about Ethereum and yeah I get it, fees suck. I won’t fade Ethereum, layers twos are exploding and proof of stake is coming soon. If in doubt zoom out, the big picture for ETH is still very bullish beyond the current fee situation.”

Davis also stated that the PoS technology would be proactive in bringing sanity to transactions and making them as seamless as possible.

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