Cambridge Study Unveils Ethereum's Environmental Impact Post-Merge, Highlighting Major Energy Reduction

The transformation of the Ethereum network, popularly known as ‘The Merge,' marked a significant shift in the blockchain's energy usage and climate impact. A detailed report by the Cambridge Centre for Alternative Finance (CCAF) meticulously dissects this journey, offering invaluable insights into Ethereum's historical and current ecological footprint.

Timeline of Ethereum

A gaming-focused Ethereum (ETH) sidechain is integrating with Binance Pay as a means of making wallet funding easier for consumers. In a new blog post, Ethereum sidechain Ronin (RON) says that it is collaborating with the world's largest crypto exchange by volume to make it easier to fund the Ronin crypto wallet.

Traders and analysts are discussing the roots of the "New Solana Summer" as all core metrics of on-chain activity are rocketing. Some of them have already reached pre-FTX collapse levels.

Ethereum's price today is showcasing a bullish surge that is drawing attention across the crypto community. Ethereum is a bellwether for the altcoin market, and today's price action suggests that investors are increasingly confident in the asset's value proposition.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $38,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, topping the key $2,100 mark this morning.

Similar to bitcoin prices, the second leading crypto asset in terms of market capitalization has risen on Friday, jumping 2% against the U.S. dollar. The 24-hour price range of ether has been recorded between $2,024 and $2,111, reflecting a volatile yet upward trajectory.

In a significant move for the cryptocurrency market, the United States Securities and Exchange Commission (SEC) has opened the floor for public comments on a proposed rule change. This change could allow Fidelity Investments, a major asset management firm, to offer shares of its spot Ethereum (ETH) exchange-traded fund (ETF).

Ethereum Price Prediction: Ethereum (ETH) price stayed relatively unchanged on Thursday despite the trading volume dropping by 20% to $8.5 billion. Intriguingly, the altcoin's market cap is holding up above $245 billion, according to market data by CoinMarketCap.

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Fidelity Investments' filing for a spot Ethereum exchange-traded fund (ETF). This follows Fidelity's application on Nov. 17.

Sentiment has been majorly bullish for Ethereum (ETH), particularly with the updates in the last two years. The cryptocurrency market expects a bull market by 2025, and investors are trying to predict its price for the next 24 months.

Being a little different from the Bitcoin price action, the Ethereum price is displaying the possibility of drowning in the current resistance. The price continues to test the crucial diagonal support, which raises concerns over the impending rally.