Smooth Ethereum Merge Disappoints Ethereum Bulls: More Price Drop Incoming?

With the successful completion of “The Merge,” the transition to a Proof-of-Stake (PoS) consensus, Ethereum has achieved one of its most important milestones. Market investors expected significant price activity during this event, but the outcome is quite disappointing.

Timeline of Ethereum

Ethereum (CRYPTO: ETH) declined 10% in the last 24 hours, leading to cascading liquidations for traders who were long on the second-largest cryptocurrency by market cap. What Happened: Ethereum saw $174 million worth of liquidations on Sept.

The Ethereum Merge was completed in the early hours of Thursday following a multi-year wait. It had taken place at the Terminal Total Difficulty of 58750000000000000000000, finally moving the network from a  proof of work to a proof of stake mechanism.

The price of Ethereum continues to struggle below $1,600 despite the Merge being successful. As pointed out previously, the Ethereum Merge had looked to be a “buy the rumor, sell the news” event, which seems to be playing out, but the lack of highly fluctuating prices suggests that even the expected sell-offs seemed not to have happened.

Litecoin [LTC] and other top cryptocurrencies have been overshadowed by the Ethereum [ETH] Merge for the last few weeks. Interestingly, LTC may have actually benefited from the Merge from a hashrate perspective.

The chief executive of the world's largest crypto exchange platform by volume is warning investors that Ethereum's (ETH) transition to proof-of-stake will likely dash their expectations in one way.

Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. The post Santiment data shows 2 addresses controlling over 45% of Ethereum transactions post-merge appeared first on CryptoSlate.

Exchanges that offer staking services look "very similar" to lending, SEC Chair Gary Gensler said on Thursday. The post Ethereum could face SEC scrutiny after The Merge: WSJ appeared first on The Block.

In this episode of NewsBTC's daily technical analysis videos, we examine the price action in Ethereum following the Merge upgrade in both the ETHUSD and ETHBTC trading pairs. Take a look at the video below: VIDEO: Ethereum Price Analysis (ETHUSD): September 15, 2022 Overnight last night, the Ethereum Merge upgrade occurred.

Game theory is one of the most essential parts of cryptoeconomics, but few people know about it. Read on to find out what game theory is and how it is applied to blockchains. The post Understanding the Game Theory Behind Ethereum appeared first on Bitcoin Market Journal.

The battle for pole position in Ethereum's proof of work based hard forked token is underway post The Merge. Within few hours after the successful completion of the Merge, it appears that two separate tokens are vying for support.