Ethereum S Crashing Transaction Fees Are A Symptom Of A Lack Of Demand As Users Await The Merge Event
Relative to its year-to-date low of $880, Ethereum is now up around 100 percent, spurred by a broad-based recovery in the risky asset universe as well as the investor euphoria around the upcoming merge event. As illustrated in the chart above, Ethereum is currently trying to turn a critical price level into a support. Should this endeavor prove to be a success, the world’s second-largest cryptocurrency by market capitalization can then attempt to wrestle with the next major resistance around the $2,200 – $2,460 price level....