$ETH: TIME Explains Why the Ethereum Price Has Fallen Since the Merge Upgrade

Last week, American news outlet TIME took a closer look at how Ethereum ($ETH) has performed as an asset since the Merge upgrade, which was completed on September 15. As you probably already know, on September 15, Ethereum completed its Merge upgrade, which changed its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS).

Timeline of Ethereum

Ethereum's future has been the topic of discussion since the Merge was introduced. The network post-Merge has raised concerns not only among the investors' community but also among leading figures and finance institutions, including JP Morgan.

In this episode of The Scoop, we take a closer look at the world of MEV with Viktor Bunin, a protocol specialist at Coinbase, and Stephane Gosselin, the founder of Flashbots — a research project that provides MEV solutions to Ethereum validators. The post This Paradigm-backed project is making Ethereum's technical underbelly more accessible appeared first on The Block.

The prices of Graphic Processing Units (GPUs) have fallen to their lowest ebb ever in China over the past few months. The reason for this is not far-fetched, as one of the major industries where they were deployed has embarked on a fundamental change of course that renders them redundant.

Stanford researchers have proposed new Ethereum token standards that support reversing transactions when the situation and evidence warrant it. The post Stanford Researchers Propose Reversible Ethereum Transactions appeared first on BeInCrypto.

Ethereum's long-awaited transition to proof-of-stake has further impacted graphics card markets since they can no longer be used to mine the asset. The post Graphics Card Prices Tank in China Weeks After Ethereum Merge appeared first on BeInCrypto.

Ether might become deflationary when the coins from block subsidy are lower than those burned. Also, ETH will become a deflationary asset when more people transact with the coin than those who stake it.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum [ETH] registered a double-digit loss over the last ten days after an expected pulldown from its supply zone and up-channel.

Ethereum ($ETH) transactions have reportedly become a lot cheaper since Summer 2021, when there was rapidly growing interest in DeFi and NFTs. Per data by The Block, as of September 22, Ethereum's transaction costs were at their lowest point in the past two years.

The cost of transacting on Ethereum has significantly declined since 2021, but users and activity has increased. The post Ethereum transaction costs have fallen sharply since last November appeared first on The Block.

This mid-week, the Ethereum price witnessed a minor pullback after hitting local support of $1240. However, the prices struggling to breach the immediate resistance of $1330 indicates sellers are defending this level aggressively.