Ethereum’s net issuance reading since merge has got some tips for traders

Ethereum’s total net issuance witnessed a massive spike. The number of Ethereum’s retail investors also grew over the past few days. Glassnode, a crypto analytics firm, reported that over the past few weeks, there was a significant increase in the total net coin issuance of Ethereum. […]

Ethereum’s MVRV ratio climbed significantly over the past few days. Thus, indicating that most Ethereum users would profit from selling their holdings.

Moreover, Ethereum’s development activity also spiked. This implied that the team at Ethereum had been making increasing contributions to their GitHub. Thus, implying that there could be new updates and upgrades in the works for Ethereum in the future.That said, it’s still to be determined whether Ethereum holders will continue to show faith in Ethereum or take this opportunity to book a profit.Subscribe to get it daily in your inbox.

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