Ethereum Merge Causes GPU Prices to Crash in China

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.

Timeline of Ethereum

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.

The number of Ethereum being issued daily has drastically been cut since the Merge, on-chain data show, suggesting that the asset is on its way to becoming deflationary. The post Ethereum Sees 98% Decrease in ETH Issuance Since Merge appeared first on BeInCrypto.

According to Dune Analytics, Ethereum Name Service (ENS) has recorded a spike in registrations so far this month. Here, it's worth pointing out that this uptick comes on the back of tremendous growth logged across the month of August.

Ethereum price analysis is bearish today as we have seen further consolidation and failure to break past the $1,350 resistance. Therefore, ETH/USD should soon see selling pressure return, leading back below $1,300 local support early next week.