Ethereum [ETH]: Is dollar-cost averaging a way to go until Merge comes in
The Ethereum Merge is about five weeks away and as the count down to the main event narrows, the phrase, “buy the rumor, sell the news” is expected to play out.
While most of the acquired ETH is headed into the exchange and private addresses, a substantial amount has been staked. However, it too dropped substantially from $91.17 billion on 9 August to $88.27 billion on 10 August. It is clear that ETH is currently experiencing healthy demand. This is also evidenced in its price action which has been bullish since mid-July.
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