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3 key Ether derivatives metrics suggest $1,600 ETH support lacks strength

The positive price move was primarily driven by growing certainty of the Merge, which is Ethereum‘s transition to a proof-of-stake (PoS) consensus network. During the Ethereum core developers conference call on July 14, developer Tim Beiko proposed Sept. 19 as the tentative target date for the Merge. In addition, analysts expect the new supply of ETH to be reduced by up to 90% after the network’s monetary policy change, thus creating a bullish catalyst.

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Source: Cryptocurrency - investing.com

Jim Cramer says Congress’s spending bills could worsen inflation, but he’s remaining bullish

Support surges for campaigners urging non-payment of energy bills