Ethereum (ETH) Miner Balance Hits Four-Year High Ahead of Merg | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Ethereum (ETH) Miner Balance Hits Four-Year High Ahead of Merge
Ethereum (ETH) has been increasing at a much faster rate than Bitcoin (BTC) and is up by more than 50% since the June lows. ETH had been decreasing underneath a descending resistance line since Dec 2021. The downward movement led to a low of ₿0.049 in June. However, the price has increased sharply since and managed to break out from the line in the end of July, proceeding to reach a high of ₿0.081 in Aug. Despite this sharp increase, the daily RSI is showing signs of weakness, since it has broken down from an ascending support line.
