Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on September 03, 2022, 07:55:52 PM
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Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge.Ethereum's native token, Ether (ETH), is not immune to downside risk in September after rallying approximately 90% from its bottom of around $880 in June.
Much of the token's upside move is attributed to the Merge, a technical upgrade that would make Ethereum a proof-of-stake (PoS) protocol, slated for Sep. 15.
But despite logging impressive gains between June and September, Ether still trades almost 70% below its record high of around $4,950 from November 2021. Therefore, its possibility of heading lower remains on the cards.more info (https://cryptonews.net/11763637/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)