57
This climb continues pointing to a greater proportion being kept away from exchange sell-off risk.
Saintment noted. The data surfaces shortly after balances on Ethereum exchanges hit the lowest levels since July 2018. Meanwhile, Ether’s price has taken a hit, after recording a notable surge in price. During the first weeks of April, Ethereum (Ether), hit a new high of $3,573.
Ether bulls were able to a us gain momentum above $3,500 for a short period, before the price decline, that has sent the asset to its press time price of $3,182. Ether’s 7-days consecutive losses are over 9%.
Market remains largely bullish for Ethereum (ETH)
Despite Ether’s downward price movement, market ok at Wes are vs full largely bullish for Ethereum. The collective sentiment amongst Ether proponents is that the upcoming Ethereum merge, which is scheduled for the second quarter of 2022, will trigger Ether bulls.
The Ethereum merge will see the network go from a Proof-of-work model, to a proof-of-stake model. With the merge comes a decline in Ethereu’s supply. Ethereum mining will also become a thing of the past.
Billionaire Mark Cuban, a well-known Ethereum proponent, has recently expressed that he’s especially looking forward to less Ethereum insurance, as well as how much of a deflationary asset Ether will become.
Popular Cryptocontent creator and investor Ben Armstrong, also highlighted the significance of the merge.
We may range for a couple more months but make no mistake, our final stand is the ETH Merge. If that isn’t enough to gain bullish momentum then 2022 could get ugly he said, in a recent tweet.
- Trending
- Price Analysis
- ApeCoin (APE) Becomes The Most Traded Token By ETH Whales
- This Historical Event Is Driving Bitcoin (BTC) Price Lower, What’s Next?
- Ethereum’s Non-Exchange Vs Exchange Gap Hits New ATH; Here’s What It Means
- Bitcoin (BTC) Extends Losses, $37K Likely The Next Support Level
- Just In: Elon Musk Decides Not to Join the Twitter Board, DOGE Fans Might Have to Wait
- Don’t Buy Now, BitMEX Founder Arthur Hayes Predicts Crypto Carnage by June 2022
- Elon Musk Wants Dogecoin (DOGE) Payments for Twitter Blue, Suggests New Ideas
- Will Ethereum 2.0 Drive ETH Prices Past $10k?
- Bitcoin (BTC) Long Liquidations Hit 2-Mth High As Price Plummets
- Shiba Inu (SHIB) Now The Largest Token Held By Ethereum Whales
- APE Price Prediction: Channel Breakout Sets APE Rally To Hit $15.4
- Dogecoin Price Analysis: 100-day SMA Bolster DOGE Price To Break $0.17
- Ethereum Price Prediction: Can DMA Crossover Prevent ETH From Further Losses?
- Bitcoin Price Prediction: BTC Hints Weekly Closing Below $45000
- Solana Price Prediction: SOL Price Struggles Below 200-day EMA; Is $100 On The Way?
- Polygon Price Prediction: MATIC Drops 14% On Weekly Basis; Ready For $1.25 Next?
- Enjin Coin Price Prediction: ENJ Buyers Aim to Regain 200-day EMA
- Terra Price Prediction: Bull Trap Threatens 20% Correction In LUNA
- NEAR Price Prediction: NEAR Price Hints Pullback Opportunity
- Decentraland Price Prediction: MANA Price Near Multi-Month Support; Aims For $2.95
