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

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.

Timeline of Ethereum

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.

Ethereum has experienced a decrease in ETH issuance since the Merge upgrade. Specifically, its issuance rate has decreased by 98% since the Merge, and the asset is not yet deflationary due to the fact that its issuance is still more than burned ETH. Ethereum (ETH/USD) is the second-largest cryptocurrency in terms of market capitalization.

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).

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.