Ether’s (ETH) price increased 3.2% on Monday, on low trading volume when compared with its 20-day moving average for volume. Ether’s recent trajectory has been flat, with prices moving an average of just 1.2% over the prior 10 trading days. Since the Ethereum Network’s transition from proof-of-work to the more energy-efficient proof-of-stake mechanism, ETH’s price has declined 20%. The supply of ETH has increased by 11,000 ETH since the transition, but would have increased by more than 228,000 had the Merge not occurred.
Originally Posted on: https://www.coindesk.com/markets/2022/10/03/market-wrap-bitcoin-and-ether-kick-off-week-in-positive-territory/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Glenn Williams, Jocelyn Yang