One Metric Will Dictate Ethereum (ETH) Price Action As Massive Upgrade Approaches, Says Analytics Firm Santiment
EthereumIsang Sukatan ang Magdidikta ng Pagkilos sa Presyo ng Ethereum (ETH) Habang Lumalapit ang Napakalaking Pag-upgrade, Sabi ng Analytics Firm Santiment08 / 13 / 2022Balita ng Ethereum ng Bitcoin Crypto analytics firm Santiment is taking a close look at leading smart contract platform Ethereum (ETH) in advance of the projects upcoming shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. Ayon sa isang bagong post, ang data aggregator highlights the chatter on social media in advance of the mid-September transition to ETH 2.0 as a key indicator of how the crypto asset will likely move prior to the upgrade. With Ethereums final testnet merge Thursday, prices briefly jumped above $1,900. Developers confirmed that the much anticipated ETH upgrade will happen on September 15th or 16th. Social volume will dictate price volatility leading up to the event. Source: Santiment / Twitter Santiment sunod suriin both Ethereum and the overall altcoin field, noting that despite a market-wide rally over the past month, traders are not behaving so exuberantly as to risk a flash crash. “Ethereum‘s +80% price increase has gained the most attention of any asset over the past 30 days, but altcoins in general have been in a great place since late June. There isn’t major