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Ethereum Merge impacted this sector the most in China

ambcrypto.com

Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum's long-awaited switch to proof-of-stake has had an even greater impact on the industry. Following the Ethereum Merge earlier this month, prices for graphics processing units (GPUs) have dropped to their “lowest level ever” in China.

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Timeline of Ethereum


Ethereum Only 55% Complete: What Upgrades Are Next After the Merge - BeInCrypto

Ethereum successfully 'Merged' on Sept.15, but more upgrades are coming to the network: the Surge, the Verge, the Purge, and a Splurge. As a whole, the upgrades will each add a new layer of scalability and security to Ethereum proof-of-stake (PoS).


Staked ETH Nears 14 Million As Ethereum Readies For Breakout - NewsBTC

Since the completion of the Ethereum Merge, sentiment among the community has remained positive. There had been no withdrawal mechanisms coded into the hard fork, which meant that the feared dump of millions of ETH into the market did not happen.


Can an Ethereum transaction be reversed? Stanford researchers' proposal - Cryptopolitan

According to Stanford researchers, Kaili Wang, Dan Boneh, and Quinchen Wang reversing Ethereum transactions may be a beneficial tool for blockchain technology. The reversibility of transactions allows theft within blockchain networks to be easily tacked and reversed.


China Reports GPU Price Fall To All-Time Low Post Ethereum Merge - NewsBTC

The successful Ethereum upgrade to proof-of-stake consensus is receiving more backlashes from the market. Therefore, the Ethereum upgrade should produce only positive feedback, but where there are merits, demerits must exist.


Ethereum's transaction fee sets a new record, the L2s can't keep calm - AMBCrypto

Ethereum, the largest altcoin underwent the much-anticipated Merge that saw it transition into a Proof-of-Stake (PoS) consensus. Well, the mechanism has changed, but ETH continues to give mixed signals to traders.


Ethereum price analysis: ETH slowly retraces below $1,300, sets higher low again - Cryptopolitan

Ethereum price analysis is bullish today as we have seen consolidation below $1,300 overnight and a quick return higher over the last hours. Therefore, ETH/USD should continue higher as another higher low is set and look to break above the $1,350 resistance.


Shiba Inu Becomes Largest ETH Whales Holding; Flips This Token - Coingape

Shiba Inu, the world's second largest meme cryptocurrency prices dropped by around 12% over the past 30 days. However, this price move has encouraged the Ethereum (ETH) whales to add more SHIB tokens.


Ethereum 'reversible transactions' might reduce impact of crypto theft - Proactive Investors

Researchers from Stanford University have created a prototype for “reversible transactions” on Ethereum, claiming it may solve or lessen the damage of cryptocurrency theft. Stanford blockchain researcher Kaili Wang unveiled a rundown of the reversible token idea on Sunday in a tweet, admitting it is not yet a finalised concept, but more of a “proposal to provoke discussion and even better solutions from the blockchain community.


Is Ethereum Price Approaching a Tight Range? A Breakout Towards a Potential Direction is Imminent! - CoinPedia

The current market conditions continue to remain shaky as the BTC price failed to sustain above $19,000 during the early trading hours. Despite extreme bearish pressure, the price continues to trade close to the crucial resistance, signifying the coiling strength within the rally.


Ethereum Holds Above $1,220 And Threatens To Fall To $1,029.90 - Coin Idol

The Ethereum price (ETH) is in a downtrend and faces another rejection of the high at $1,400. The largest altcoin previously fell to a low of $1,220, but the bulls bought the dips.

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