MARKET WRAP: In the final hours before the Ethereum blockchain Merge, ether was flat. Investors will be watching whether the transition from a proof-of-work to proof-of-stake protocol succeeds. GWilliamsJr_CMT and _jocelynyang_ report
After years of anticipation, multiple testnets and hours of coverage, the
Daily volume is relatively in line with average volume over the 20 most recent trading days, which doesn’t indicate significant conviction either to the long or the short side. Despite what often feels like a whirlwind of price movement, ETH’s volatility has narrowed leading into the Merge. Investors should note, however, that historically, diminishing volatility has not always trended in a straight line. ATR spikes in February, May and June were noticeable and could certainly be repeated.tool, which identifies trading activity at varying price levels, shows ETH settled between two ranges of low trading activity.
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