The ETH options about which $490 million are set to expire following the Ethereum Merge


ETH ‘s value will likely be primarily determined by its this week’s trading value of $490 million; other events, however, may have their own influence.

The current strength of the cryptocurrency market may have traders in a tizzy considering that Ether (ETH) has been trading in an upward direction for the past 17 days. On Sept. 13, the entire cryptocurrency market experienced a 10 percent decrease, but Ether was able to hold steady around the $1,570 support level.

Ethereum will undergo its most significant update in approximately 12 hours, in which the possibilities of extreme volatility must not be ignored. This update could affect several different stakeholders, offering a stable and secure network while drastically reducing its electricity consumption.