Ethereum: The yin-yang of Merge and ETHs negative price action - BitcoinEthereumNews.com
EthereumEthereum: The yin-yang of Merge and ETHs negative price action07 / 13 / 2022Balita ng Ethereum ng Bitcoin Ethereum [ETH], the largest altcoin, remained in a bearish zone as it stood below the $1,150 support zone, at press time. It suffered a fresh 2% correction as it traded closer to the $1,000 mark at the time of writing. ETHs prices have been trading within a range for quite some time now. But are investors making a profit in the current market structure as the highly anticipated Pagsamahin draws closer? Anuman ang kinakailangan ETH has witnessed an ‘improved’ sentiment in the past three weeks given the inflows in the Ether-based products. Meanwhile, HODLers have taken this opportunity to understand the market better. According to Glassnode data, the number of addresses holding 10+ Ethereum (ETH) has hit a 16-month high of 149,448. Pinagmulan: Glassnode This clearly shows the fact that despite the hiccup, HODLers continued to buy the dip. Not just this, but HODLers even chose to stake their holdings. Consider the following scenario- Data from Glassnode suggests that the number of ETH addresses with over 32 ETH has surged to a 16-month high of 116,774. In order to be a validator on Ethereum 2.0, the proof of stake (PoS)