Head of Europe at Hashdex: $ETH's Uptick May Be Related to Optimism Over Ethereum Merger

TokenInsight data, $ETH price exceeded $1,200 and currently at $1,218.21, up by 7.48% in 24 hours. Commenting on the upward trend in Ethereum, Laurent Kssis, head of Europe at Hashdex, said, "$ETH’s uptick could be related to the optimism surrounding the upcoming Ethereum Merge. This has encouraged a lot of retail investors to preempt an investment strategy for $ETH. But it may be short lived as there are still strong sell orders in the market supported by $ETH liquidations."