Recent studies reveal that investors are having an optimistic view of the crypto market as the ETH merge is ahead.
Recent analysis shows that investors are expecting a big turn in the crypto market after the ETH merge on the 15th of September. The Ethereum Merge is a hot topic being discussed widely on social platforms and a buzz has been built around the much-anticipated shift. The ETH network also has seen an all-time high hash rate of 47 terahashes/sec (TH/s), along with this, some of the major crypto exchanges like Binance, Coinbase, FTX etc have announced to support the ETH merge.
Meanwhile, traders expect a bullish momentum for ETH as the market anticipates a successful Merge. Also, the ETH prices have grown continuously in the past 60 days. In mid-June ETH fell to as low as $943.52 and then crossed $2,000 in mid-August. Investors will keep an eye on the ETH merge as it going to be a historic moment for the entire crypto community.
At the time of writing this article, ETH is trading at $1,575.36 with a market cap of $192.47B as per CoinMarketCap.
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