Ethereum prices should react positively in August to the Goerli testnet merger, as well as when The Merge's date range is officially set for the Mainnet.If economic indicators continue to weaken, risk-on assets should get a reprieve from expectations in the market of continued harsh tightening by the Federal Reserve.The uncertainty and timeframe surrounding Grayscale's GBTC litigation with the SEC now make their Ethereum Trust a hold rather than a buy.Ethereum (ETH-USD) was the clear leader in July among the large-cap altcoins and also well outpaced Bitcoin (BTC-USD). Macro drivers have been and remain a primary determiner of price. But the successful merger on the Sepolia testnet, along with talk of the tentative date of September 19th for The Merge on the Mainnet, were key to the 50% rally over the past month. However, for the Grayscale Ethereum Trust (ETHE), the end of June saw the SEC disapprove the ETF transition for its sister fund the Grayscale Bitcoin Trust (
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