Can Ethereum (ETH) Restore Confidence in the Market?

Ethereum (ETH) co-founder Vitalic Buterine‘s pointing out September 13-15 regarding the highly anticipated Merge merge, and Bellatrix successful completion of the update Ethereum Mergeincreased expectations for

In this context, analysts think that Ethereum Merge will make a positive contribution to the cryptocurrency market.

Payment giant Checkout, who spoke to CNBC. com’s head of crypto strategy Jess Houlgrave, Merge merge cryptocurrency He stated that he would renew his confidence in the market.

“On the trading side, we are seeing lower volume overall, but there is still news moving the crypto ecosystem.

When we think that the Ethereum Merge will take place in the coming days of September, I think that the trust in the crypto ecosystem will be renewed and will increase even more.”

Jess Houlgrave said that despite the decreasing transaction volume in the market, there has been an increase in the number of wallet addresses on most of the major first-tier blockchains.

According to Houlgrave, new wallets are available cryptocurrency It may belong to investors or new investors in the market.

“I think this is the result of retail investors coming to think of cryptocurrencies as a kind of currency and investment, and new investors coming online.”

As investors’ expectations for the Merge merger rise, Ethereum (ETH) It is up 6.4% in the last 24 hours and is trading at $1,672, according to data from CoinGecko.

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