Ethereum (ETH) Dips Consecutively And Falls Below $1,800

Ethereum (ETH) Dips Consecutively And Falls Below $1,800

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Ethereum (ETH) Dips Consecutively And Falls Below $1,800

NewsBTC2 months ago
EthereumEthereum
MergeMerge
Published on August 19, 2022 13:30 GMT+00:00edited on August 20, 2022 11:19 GMT+00:00

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Many reactions and sentiments have been hovering around the Ethereum upcoming upgrade tagged the Merge. Different presentations of opinions crowd the crypto space on an individual and institutional basis. One of the significant displays was the mass accumulation of Ethereum tokens. Many believed that the price of Ether would rise due to the Merge.

The Ethereum network had witnessed higher activity as participants purchased more ETH in the past few weeks. Hence, the month of July was rising one for the cryptocurrency. As a result, the price of Ethereum rallied considerably even as the broader crypto market was doing a progressive climb. As a result, Ethereum has become one of the top gainers as of the beginning of July.

But the sudden uptrend seems to be short-lived. Just as the crypto …