The continued fall of the token has attracted the attention of analysts across the crypto industry to give their two cents on the matter. Galaxy Digital based researcher Christine Kim has also joined the conversation with her valuable input. In a recent thread, Kim discussed why ETH continues to stand at lower prices since the Merge.
Then, Kim moved on to the second reason where she addressed a major circulating rumour in the market that is the Merge is a “sell-the-news-event”. This rumour continued to restrict Ethereum in attracting traders despite its “long-term positive impacts”.The ETH token continued to slide down as mentioned above and was trading just below $1,450 at press time. According to data from Coin Glass, the token was holding 3% losses at press time as weekly losses now accelerated to 17%.
Despite these obstacles, a rare glimpse of hope appeared on Ethereum as of 17 September as reported by blockchain analytics platform Glassnode. According to their latestWhere does that leave ETH then?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Where Ethereum [ETH] miners are heading after Merge successAs the much-awaited Ethereum Merge was completed on 15 September, Ethereum miners had to look for other alternative coins to keep their operations running. Therefore, a few coins registered a massive increase in their hashrates. The Ethereum PoW, which is a new hard-forked chain created with the motive of sheltering the ETH miners, also shared […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
ETHW drops 67% in a day and ETHPoW’s servers have everything to do with itEthereum [ETH], the largest altcoin, successfully completed the historic Merge to PoS on 15 September. But what about the latest, buzziest Ethereum fork – “designed” by veteran Ethereum miner, ETH PoW? Is it dead yet or still breathing deep within the crypto ocean? Life without YOU Well, despite taking a huge blow, ETHPoW—the ETH network’s […] It just started , every miner including me supports ethW
Source: CryptoAmb - 🏆 22. / 68 Read more »
Litecoin: Does the ETH Merge have anything to do with the surge in LTC’s hashrateLitecoin [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. An inspection of Litecoin’s hash rate reveals a sharp uptick in the first 10 days of September. Its hash rate grew from as […] Interesting point Litecoin $LTC Let's read it No? Eth mining hardware can not be used to mine ltc
Source: CryptoAmb - 🏆 22. / 68 Read more »
The Lido Finance [LDO] talk post ETH Merge is worth listening toThe most anticipated event in blockchain history this year – the Ethereum Merge – has come and gone successfully. Following the Merge, the price of Ethereum-linked cryptocurrency assets such as Ethereum Classic [ETC] and the LDO, the governance token of ETH liquid staking platform, Lido Finance, rallied significantly. According to data from CoinMarketCap, the price […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
ETH whales decreased their holdings prior to Merge- Here’s whyIn the last three months leading up to the final transition of the Ethereum mainnet network into a proof-of-stake consensus mechanism, data from Santiment revealed a disparity in the ETH holding behavior of whales on the network. According to the on-chain analytics platform, the count of ETH whales that hold between 1000 to 10,000 ETH […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum: As major firms dominate staking, ETH’s security may be in questionThe Ethereum [ETH] Merge with the proof-of-stake (PoS) network was successfully completed as of 15 September. The implication of the Merge is that miners are now replaced by validators on the Ethereum network. However, a relatively small number of companies control the PoS mechanism. This has left analysts worried over the centralization of the ETH […] How surprised would you be if the CIA, MI6, FBI and the global conglomerate were actually holding the keys to your Mfing ethereum Nice to see no Moon bois here anymore King is here US govt is the biggest address on Ethereum irl.
Source: CryptoAmb - 🏆 22. / 68 Read more »