$1.26 Billion in Ethereum Options Expires Friday and Bulls Are Ready to Drive ETH Price Higher
Ethereum network developers have confirmed September as the date for the next merge, a move that has traders looking to the 'ETH.
Market analysis
The 53% rally in Ether (ETH) between July 13 and 18 gave bulls an edge on July's $1.26 billion monthly options expiration. The move came as Ethereum developers set a tentative date for the "merger", a transition out of the cumbersome proof-of-work (PoW) mining mechanism.
Ether USD price index, 12 chart hours . Source: TradingViewAccording to some analysts, by removing the additional issuance of ETH used to finance the energy cost required on traditional mining consensus, Ether could finally achieve "ultra currency" status. -sound".
On Beacon Chain, the issuance will be around 1,600 ETH per day, which will significantly reduce inflation by 13,000 ETH per day on PoW.
The merger defines the effects on the monetary policies of Ethereum to become Ultrasound money.
(10/15) pic.twitter.com/9hWjhuGpNK
— Akshay Jain (@akshayjain865) July 25, 2022Whether or not sound monetary policy revolves around constantly changing issuance and burning rules remains an open question, but there's no doubt that the video call from the developers of Ethereum on July 14 helped propel the price of ETH.
On July 26, a sudden and dramatic spike in active addresses on the Ethereum network sparked much speculation as to whether Ether was aiming for its previous all-time high. Analytics firm Santiment reported...
Ethereum network developers have confirmed September as the date for the next merge, a move that has traders looking to the 'ETH.
Market analysis
The 53% rally in Ether (ETH) between July 13 and 18 gave bulls an edge on July's $1.26 billion monthly options expiration. The move came as Ethereum developers set a tentative date for the "merger", a transition out of the cumbersome proof-of-work (PoW) mining mechanism.
Ether USD price index, 12 chart hours . Source: TradingViewAccording to some analysts, by removing the additional issuance of ETH used to finance the energy cost required on traditional mining consensus, Ether could finally achieve "ultra currency" status. -sound".
On Beacon Chain, the issuance will be around 1,600 ETH per day, which will significantly reduce inflation by 13,000 ETH per day on PoW.
The merger defines the effects on the monetary policies of Ethereum to become Ultrasound money.
(10/15) pic.twitter.com/9hWjhuGpNK
— Akshay Jain (@akshayjain865) July 25, 2022Whether or not sound monetary policy revolves around constantly changing issuance and burning rules remains an open question, but there's no doubt that the video call from the developers of Ethereum on July 14 helped propel the price of ETH.
On July 26, a sudden and dramatic spike in active addresses on the Ethereum network sparked much speculation as to whether Ether was aiming for its previous all-time high. Analytics firm Santiment reported...
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