What Ethereum Can Bring On The Table For ETH Investors In Q4

Name	Symbol	Market	Market Cap ($)	Algorithm
Amp	AMPUSD	Crypto	440,604,315	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Amp

AMPUSD

Crypto

440,604,315

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00015	-1.88%	0.00785	0.00785	0.00786

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00015

-1.88%

0.00785

0.00786

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.0081	0.00778	0.00796	0.008	0.001400 - 0.016850

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.0081

0.00778

0.00796

0.008

0.001400 - 0.016850

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	21:03:52	301.00	0.00787	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

21:03:52

301.00

0.00787

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,118,352.15	141,883,415.09	AMP	AMPEUR	AMPGBP	AMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,118,352.15

141,883,415.09

What Ethereum Can Bring On The Table For ETH Investors In Q4

23/09/2022 8:03am

NEWSBTC

As expected, Ethereum has been doing poorly since the much-touted Merge event. This was a groundbreaking moment for the crypto industry. Although the Merge was anticipated to boost investor confidence, it occurred at the worst possible time. The Merge took place at an interesting point in crypto history. The update went up on September 15—just two days after the United States CPI data was made public. There was a widespread selloff in the stock markets because of the Federal Reserve’s interest rate increase, reporting its annual inflation rate hike of 0.1%, and affecting the cryptocurrency market. On the day of publication, Bitcoin dropped 12.71 percent, and Ethereum fell 12.67 percent. The timing of the Merge’s launch was a last-ditch effort to maintain or perhaps boost investors’ trust. However, that did not actually occur. Related Reading: Polygon (MATIC) Downward Trajectory Faces Resistance At $0.94 Level Ethereum (ETH) Price Down 21% When everything was said and done, the Ether’s price had dropped by 21.1% compared to its 7-day moving average, as measured by CoinGecko. But @CryptoGucci, a Twitter user, disputes this. One Twitter user explained why the recent price decline shouldn’t be worrying. The increasing prevalence of Ethereum validators on the blockchain is a prime example. This increase in validators can improve the Ethereum blockchain’s overall efficiency. Additionally, the state of Colorado has accepted ETH as a payment method through PayPal. However, this payment method is exclusive to personal PayPal accounts and not commercial ones. Nonetheless, this will undoubtedly aid the adoption of the ETH ecosystem. Is An ETH Recovery Imminent? Recent data indicate that ETH is witnessing a positive price increase. After a near-freefall to $1,243, the price has rebounded and is currently trading between $1,221 and $1,323. Multiple indicators also depict a strengthening bullish momentum. Since the decline to the critical support level, stochastic relative strength index (RSI) values have risen, indicating that investor confidence is rebounding after a dreadful few days. But are new changes sufficient to halt the current 0.75 percent interest rate increase? As the cryptocurrency market closely mirrors the broader financial environment, the recent movements may be temporary. Wall Street’s indices have declined by a few percentage points as of this writing, and this decline can have a significant impact on the cryptocurrency market. As the third fiscal quarter draws to a close, Ethereum may experience a slow but gradual comeback. Related Reading: Aave (AAVE) Attracting Whales Over Past Few Months – Will It Spur Price Rally? ETH total market cap at $163.7 billion on the daily chart | Source: TradingView.com Featured image from CryptoMode, Chart: TradingView.com (The analysis represents the author's personal views and should not be construed as investment advice).

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AMPUSD Amp