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ETH may consolidate as Merge excitement wears off, says expert

08/02/2022

Less than a minute

2022.08.02 11:10

ETH may consolidate as Merge excitement wears off, says expert

After a surge in Ethereum (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer.

In a report shared with Cointelegraph on Monday, the author of the report, Markus Thielen said he while he has been bullish on ETH prices six weeks ago, he has now turned “cautious.”

08/02/2022

Less than a minute

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