Ether’s (ETH) price increased 3.2% on Monday, on low trading volume when compared with its 20-day moving average for volume. Ether’s recent trajectory has been flat, with prices moving an average of just 1.2% over the prior 10 trading days. Since the Ethereum Network’s transition from proof-of-work to the more energy-efficient proof-of-stake mechanism, ETH’s price has declined 20%. The supply of ETH has increased by 11,000 ETH since the transition, but would have increased by more than 228,000 had the Merge not occurred.
Bitcoin and Ether Kick Off Week in Positive Territory
