lost half of what it gained previously after an almost 20% correction. The situation on the daily chart may hint at an upcoming reversal to the trading range in which the asset moved before the Merge hype.While the update itself was successful and went through without any issues occuring on the network, Ethereum saw a massive spike in selling pressure hours after that. Some analysts explained it with the common market rule:"Buy the rumor, sell the news.
"Ethereum's attractiveness as a financial asset increased exponentially ahead of the fundamental update; however, the absence of an explosive rally right after the update went live caused a disturbance among market participants that decided to protect themselves and exited their positions at a profit.is rapidly losing value against the U.S. dollar as the price of the second biggest cryptocurrency on the market plunged below the $1,300 price range.
ETHGate
porqquee neews is sileent about this
intocryptoverse This is hallucinatory gamee changeer
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