Ethereum (CRYPTO: ETH) rode the momentum of the upcoming Merge—which has been confirmed to begin September 6—to battle its way back to the 1,700 level this week.
MARKET UPDATE
15% 2-month rally based on:
Decade low exposures (high cash levels, no hedge fund leverage)
Better than feared Q2 earnings
Peaking U.S. gas prices
Lower 10 year yield to 3% from 3.5%
Month-to-date
Happy Friday Everyone! 👋
With the Merge approaching, Ethereum (CRYPTO: ETH) Name Service saw 378,000 new domain registrations last month. There are now over 1.8 million .eth addresses owned.
Happy Friday Everyone! 👋
There’s no telling when Crypto Winter will be over but the weather for crypto prices over the last week has been bright & sunny.
We’re also seeing signs of continued investments in the space as compressed valuations attract money from unusual sources.