Ethereum’s post-Merge blues: Will ETH finally be able to get out of it?

According to a recent report by Glassnode, there has been a spike in the number of new addresses on Ethereum. This could be indicative of a sustained interest in the altcoin. Now, while that may be the case, however, the decline in sentiment and volume seemed to suggest otherwise at press time. This or that? […]

, the top 5000 ETH whales have been adding onto their interest in Ethereum. In fact, ETH now tops the list of coins that these whales have invested in.

On the face of it, this could be perceived as a positive factor for potential ETH investors. However, there have been some areas of concern as well.Consider this – Ethereum’s volume has been declining over the past few days, as can be seen from the chart attached herein. It fell from 13.12 billion on 30 September, all the way to 6.03 billion on 02 October. Ethereum’s development activity has been on the decline as well, indicating that there hasn’t been much activity on Ethereum’s GitHub.

However, Ethereum’s velocity did see some growth over the last 48 hours, implying that the frequency with which ETH has been moving from one wallet to another has seen some growth. Now, although there have been some positive factors in favor of Ethereum, ETH’s price hasn’t been able to combat the post-blues just yet. Ethereum was trading at $1,313.26, at press time, having depreciated by 1% over the last 24 hours.German telecom giants

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum: What to expect from the leading alt in Q4 after MergeThe Ethereum Merge was considered the most anticipated event before 15 September. However, there is no use denying the fact that the Merge failed to positively impact the price Ether [ETH]. According to data from cryptocurrency social analytics platform LunarCrush, the hype that surrounded the Merge before its implementation caused ETH’s social activity to rally. […]
Read more »

How Ethereum [ETH] is faring amid reshuffled demandEthereum [ETH] volumes have been all over the place in the last three months and more so in September. Perhaps an expected outcome, given the drastic changes that have taken place in the crypto market during the month. The demand for ETH also witnessed some volatility during the last four weeks. Nonetheless, recent events highlight […]
Read more »

The Merge made Ethereum better for the environment – but not so much for investorsThe ether coin has fallen 10 per cent since the Merge upgrade that reduces it power consumption
Read more »

Polkadot [DOT] surpasses Cardano and Ethereum in this aspectPolkadot [DOT] surpassed Cardano [ADA] and Ethereum [ETH] as the blockchain with the highest developer activity in September with 522 GitHub events to its credit. Despite its highly anticipated Vasil hard fork upgrade, Cardano trailed Polkadot with 455 GitHub events. Ethereum, in spite of the Merge, came in the third position with 400 GitHub events. […]
Read more »

Ethereum NFT holders may gain a sense of security after reading thisAccording to data from DappRader, top sales of Non Fungible Tokens (NFTs) in the last 24 hours showed NFTs on the Ethereum [ETH] network in the lead. A Bored Ape Yacht Club (BAYC) NFT topped the list with the sale attracting 91 ETH, valued at over $120,000. Now, the question is- Does ETH stand to […]
Read more »

Blue Jays' Alek Manoah simply mound marvelous in beatdown of BostonThe Blue Jays may have seen the last of Alek Manoah as the team began its final home stand before the post\u002Dseason kicks into gear.
Read more »