ETH reserves grow steadily
Despite the high volatility the Ethereum rates look stable. Expectations of the new algorithm allowed the price to increase by 1%. There are 920 000 ETH in the users wallets equal $1.7 billions.
Miners started saving one year ago so they are preparing for the PoS algorithm. It is obvious that in the near future ETH-holders will save tokens more actively. The reason is the possibility to get fees from steking and the classical mining will become unpopular.
Such a tendency will short the market supply and it could raise the ETH rates. Some analysts are sure that the final success depends on the technical realization of the process. In addition there are a lot of external factors which can affect the whole crypto industry.
According to Crypto.ru data ETH has strengthened its market positions and increased tha rates by 5.9%.