As a result of its conversion to PoS and the fact that only a few companies hold the majority of the stake, Ethereum may have found itself in the sights of the SEC.A day before the Merge, ETH did some good numbers. It opened at 1,577 USD, reaching as high as $1,649 before finally closing at 1,638 USD, gaining a little over 4%. However, the price saw a downward movement on Merge day. Ethereum closed at 1,472 USD, making it over a 10% loss by the end of the day.
At press time, the highest it traded was 1,483 USD. The Relative Strength Index fell below 50. This made it a bearish trend for the altcoin. With the support at 1,400 USD, ETH struggled to break past the 1,660 USD resistance. Overall, there has been a downward trend in price over the past few days for Ethereum.According to data from Coinmarketcap, Ethereum has lost over 23% in trade volume. Also, market capitalization dropped by over 7% in the last 24 hours.
Another one, koeppelmann. 😩
movement 51% attack soon?
We should start a 'ETH fixes this'
Instiiiiiitutiiiiooonssssssssss
Aaaannd the newwwww crypto Billionaiiireee - the
When sharding? Do I even understand this shit?
Ethereum in the first place!!!! Or maybe even BTC
I think its time to sell ETH and buy ETC which is the original
This is funny
LFMAO who really has control of ETH now
Only those with their bags (insitutional of course) in a centralized shitcoin like ETH will be more excited enough to see their coin get even more centralized than it already is.
Ethereum sinking and next BTC pumping
Much Power$$$
Decentralized AF..
Decentralization is a façade being sold to the moon boys to believe that they are in control but they will realize that it was all centralized from the start and have been sold a lie.
LOL…
Check the ever increasing ETH supply, the irony of this website is funny -
Fundamentally, why do we like ETH again?
SO if all the miners go back to BTC, would it make BTC less profitable and more secure or does it just make BTC mining boring?
Here comes the Vitalik bank run
Will this affect the price of L2s in anyway? MATIC etc
I believed right after the merge when ETH pumped a bit that it was bull season. Boy! was I wrong lol
Fuckin silly, what's the point of this stoopid ass fork tbh
Does anyone get the sense that eth is heading the luna way, do kwon is vitalik
So are we saying POS Ethereum is like Biden believers ? Both don't exist
it's true, Ethereum is centralized now
Move over Ethereum, Cardano the real
Nice to see no Moon bois here anymore
King is here US govt is the biggest address on Ethereum irl.
NFTs are dead, Defi is dead, Queen Bitcoin is dead, long live King Ethereum
How surprised would you be if the CIA, MI6, FBI and the global conglomerate were actually holding the keys to your Mfing ethereum