Its a risk-off day in financial markets as geopolitical tensions weigh over cryptocurrencies, stocks and push the dollar higher. By godbole17
, is projected to happen in September. Ether picked up a strong bid, lifting the battered crypto market higher after Ethereum developer Time Beiko announced September as a tentative date on July 14.
While the so-called merge trade powered a double-digit recovery in both ether and broader market capitalization last month, the move supposedly lacked fundamental support – yet another reason for bulls to be cautious. From a technical analysis standpoint, both ether and bitcoin were losing ground owing to overbought conditions and faced the risk of a more profound decline.
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