Number of Ethereum addresses in loss hit a new monthly high as Merge nears

Number of Ethereum addresses in loss hit a new monthly high as Merge nears

In recent months, the Ethereum (ETH) network has been the centre of conversation within the cryptocurrency community ahead of the Merge upgrade. The announcement of the historic upgrade briefly resulted in Ethereum surging in value, but has since experienced bearish moves due to the broader crypto market volatility. 

In this line, the number of Ethereum addresses in loss hit a new monthly high based on a seven-day moving average at 38,001,366 as of August 30, data by blockchain…


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