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Ether Leads Crypto Recovery on Merge Confirmation, but Traders Remain Cautious

Buying ether ahead of the Merge is likely an overextended play, one trader said.

Ether rose some 5% in the past 24 hours to lead a recovery among major cryptocurrencies. (Nicholas Cappello/Unsplash)
Ether rose some 5% in the past 24 hours to lead a recovery among major cryptocurrencies. (Nicholas Cappello/Unsplash)