Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode, it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge. Liqquidity, shauryamalwa report.
But despite that, sentiment around the upgrade remains mixed.
“This amplifies whatever positive news or major upgrades the projects offer,” explained Mccutcheon. The merger is obviously good news and a pivotal moment in Ethereum's history, but its effect on the market is amplified by the lack of sell pressure.” Some analysts, however, cautioned that ether’s upward movement was unlikely to continue in the coming days.
“It has been announced in very similar wording six times before; “this is the one” may just be hopium,” Hiesboeck added.
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