Ethereum (ETH) Forms Crucial Support as This Network Event Lies in Wait: Details

Ethereum staking activity is rising, and price is moving in tandem

While there are rewards to be reaped from staking, the sheer scarcity it will drive in the supply of Ethereum is considered a crucial selling point that can help drive the price of the token to new heights.Ethereum and Bitcoin dominance

Despite its latest upgrades and higher protocol utility, Ethereum is still somewhat subjected to the dominance of Bitcoin in the industry. At the moment, there seems to be a break in both digital currencies' price correlation. While Ethereum is up by 1.50% over the past 24 hours, and by more than 10% in the week-to-date period, Bitcoin has only managed a 0.74% growth WTD. This slowing correlation is good for ETH as its whales can easily aid its push-up through targeted buy-ups.

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