Ether drops below $1900 again

Earlier today Ethereum (ETHUSD) spiked higher, rising from a low point seen yesterday, at 1853.20, to as high as 1956.65. Now the sharp rise was due to further reports concerning its planned merge/upgrade and new scaling solutions, set for September 15. That is said to involve a less energy intensive and a more secure, proof-of-stake upgrade to its format. Well, that was not exactly fresh news, as it has been widely talked about in recent weeks. What this also appears to have triggered is an increase in open option interest for the coin. That is said to have surpassed BTC in terms of volume. That if correct, would surely underscore the reasons for why Ether has been leading BTC in all the most recent moves. That said, the spike to above 1950 earlier today has not held and price has recently fallen back to as low as 1866.90 a short while ago. Does that mean all the good news is now priced in? well, from the price action so far today it might appear to be the case. ETHUSD is currently trading at 1875.70