Vitalik reveals a new phase in the Ethereum roadmap: The Scourge

The remaining milestones of the Ethereum roadmap consist of the Surge, the Scourge, the Verge, the Purge and the Splurge.

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CoinShares’ Butterfill suggests ’continued hesitancy’ among investors

Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November.

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Ethereum's Vitalik Buterin Shares Insights on Possible ETH Price Drop Post-Merge

The run-up to the Merge event of the Ethereum protocol saw a number of anticipation from members of the Ethereum community and broader crypto investors on how the coin’s price will be influenced positively (Read More)

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Ethereum issuance decreased 94% since The Merge, what does this mean for its future?

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. However, after the Merge, it has decreased in some aspects.

In the latest Ethereum news, we covered how far Ethereum can increase as the VIX index made a comeback.

However, based on data from Ultra Sound Money, the issuance rate of Ethereum (ETH) has decreased by 94% following the Merge.

Since it transitioned, the supply has reached +8,200.67 ETH, while if it was still under the Proof-of-Work (PoW) consensus mechanism, it would be at +139,680.20 ETH.

This token issuance could also be attributed to the reduced activity on the Ethereum network, which resulted in lower gas fees.

In any case, the lower token amount could result in an increased value of Ethereum going forward. 

On September 26, 2022, Ethereum (ETH) had a value of $1,323.30.

ETH/USD Chart By TradingView.

Looking at the coin’s all-time high, Ethereum (ETH) reached a value of $4,878.26 on November 10, 2021.

Ethereum’s 7-day low was at a value of $1,238.84, while its 7-day high was at a value of $1,388.23. Here we can see a difference in the value of 12%, or by $149.39.

When we go over its daily performance, its 24-hour low was at $1,280.56, while its 24-hour high was at a value of $1,331.44; here, we can see a 4% difference by $50.88.

When we look at the chart, its recent high was in April at $3,513.19, after which it saw a dip to $1,778.92 and has not recovered since that point. 

However, based on its current price fluctuation, we can see the ETH cryptocurrency increase in value to $1,500, which means that investors might want to buy ETH while the price is still relatively lower than average. 

The post Ethereum issuance decreased 94% since The Merge, what does this mean for its future? appeared first on Invezz.

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How Close Is ETH to Become Deflationary?

A total of 8,094 ETH was added to the supply pool since the merge. The gas fee at present in

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Research: Is ETH inflationary or deflationary after the Merge?

One of the most heated debates surrounding Ethereum’s transition to a Proof-of-Stake network focused on the issuance of ETH.

The post Research: Is ETH inflationary or deflationary after the Merge? appeared first on CryptoSlate.

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Is the Ethereum Merge Hype Justified?

The Merge is a milestone in development but implementation success is pending. Functioning of Ethereum is largely in the US

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Ethereum: Can The Top Altcoin End Bitcoin’s Dominance Post Merge?

Ethereum (ETH), dubbed as the ‘leader of all altcoins’ has long carried the burden and pressure of supplanting Bitcoin (BTC) as the king of all cryptocurrencies. To this date, it hasn’t succeeded or has come close into completing that mission. Not even The Merge could catapult Ethereum to the top and frankly, it hasn’t been able to even just leave a dent on the wall that was built by Bitcoin to keep its position. In terms of price, there is considerable gap between the two crypto assets. Tracking from CoinGecko shows that as of this writing, Bitcoin is trading at $19,003 while Ethereum is at $1,338. Both currencies experienced price drop for the last seven days, 5.8% and 14.9%, respectively. Related Reading: Bitcoin Price Bottom To Take Place In Q4 This Year, Crypto Expert Predicts Image: Zipmex Misplaced Confidence And Hopes With Merge Last July during an interview, Ethereum Researcher Vivek Raman expressed confidence that The Merge will enable to altcoin alpha to finally topple the biggest of its hurdles and surpass Bitcoin, becoming the new most prominent cryptocurrency. The Merge refers to an upgrade that was completed this September that will put Ethereum to a proof-of-stake (PoS) system. It was also deemed to change the network’s monetary policy, making it more environmentally friendly while reducing ETH supply. But since the migration, Ethereum hasn’t been able to respond with an appropriate bullish run. Instead, along with Bitcoin and all other altcoins, it continues to deal with plummeting prices. Related Reading: Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level A Moment Of Victory For Ethereum While it still fails to rise in the same level of prominence as that of Bitcoin’s, Ethereum did have a moment of victory against the crypto king after The Merge, courtesy of a rather strange observed trend reversal in crypto market.  Bitcoin’s trading dominance came to an abrupt end after ETH trading volume soared to greater heights and ultimately hit an all-time high. Experts, however, believe that this effect of The Merge to Bitcoin is minimal and there will be resultant price movements, it will be transient. This is because the shift to a proof-of-stake mechanism has always been part of the plan for Ethereum since day one. Hiro CEO Alex Miller said Bitcoin has already established itself as “the core asset,” calling the crypto “the digital gold.” For that matter, he believes Ethereum surpassing its rival in terms of market capitalization remains improbable as of this time. ETH total market cap at $165 billion on the daily chart | Source: TradingView.com Featured image Coinpedia, Chart: TradingView.com (The analysis represents the author's personal views and should not be construed as investment advice).

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Mining EthereumPoW (ETHW) Crypto after the Merge of Ethereum

EthereumPoW (ETHW) is the name of the Proof of Work fork that continued as PoW after the original Ethereum (ETH) has switched to Proof of Stake after the so-called Merge of ETH that has happened on 15th of September. ETHW is mineable on a number of large pools already and is available for trading on […]

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ETH Backpedals After Hitting $1,800 Ahead Of Merge Last Week

As the integration has progressed, Ethereum’s price has slid precipitously. Since the general financial markets are facing a period of extreme pessimism, ETH could continue to fall over the next few days. On the morning of September 15th, the Merge went into effect. The price of ETH dropped 11.91 percent during the day, wiping off all of the gains it has made since September 14. The outlook for ETH after the integration is bleak because it suggests the crypto winter will continue through the summer months. In the time after this article was written, the coin’s price has found support near the 61.80 Fib level, at around $1,329.91. A portion of the Donchian channel’s lower section has also been explored by the bears. This shift indicates a deeper descending pressure. Related Reading: Bitcoin Price Bottom To Take Place In Q4 This Year, Crypto Expert Predicts ETH Rebound Still A Big Possibility ETH’s recovery is feasible, but only in the far future, as the Merge raised more concerns than it answered, and the broader financial markets are still battling to reestablish confidence. A positive outlook for Ethereum’s future is something this occasion is meant to instill in traders and investors. Traders and investors, however, believe that the proof-of-stake system is a wrong turn for ETH. According to a post in r/CryptoCurrency on Reddit, the proof-of-stake mechanism benefits the wealthy at the expense of the poor. Investors and dealers are under increased pressure to sell because of the combination of current market circumstances and skepticism surrounding the upgrade. Momentum and stochastic RSI indicators reveal this information. The present convergence of the Stoch RSI is bearish, indicating that investor sentiment is at an all-time low. Ethereum Bulls Feeling The Pain Additionally, ETH’s momentum is a staggering -410.90. The bulls are experiencing anxiety in the broader financial markets and the Merge. Ethereum also closely follows Bitcoin. As of the time of writing, the correlation coefficient is 0.69, indicating that the price fluctuations of the two closely track one another. With the crypto market on a downward trend, it is easy to assert that ETH’s investors and traders are in it for the long haul. Gary Gensler, chairman of the Securities and Exchange Commission, stated that staking might classify Ethereum as a security, exposing ETH to legal difficulties. Related Reading: Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level Ethereum is not, however, the only cryptocurrency that uses proof-of-stake. ADA, SOL, and DOT are based on the proof-of-stake protocol. If Ethereum is categorized as a security, the other currencies could be subject to regulatory investigation, leading to additional price declines for Ethereum and other proof-of-stake currencies. In the short run, $1,329.91 has proven to be a price level that can survive a bearish assault. Only time will tell whether Ethereum will rebound from this decline. ETH total market cap at $164.5 billion on the daily chart | Source: TradingView.com Featured image from Coinpedia, Chart: TradingView.com (The analysis represents the author's personal views and should not be construed as investment advice).

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‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’

<p class="MsoNormal">The inflow and outflow of investments into digital asset investment products in the past week indicates that investors are still cautious of investing. </p><p class="MsoNormal">This is according to the new digital asset fund flows <a href="https://coinshares.com/research/digital-asset-fund-flows">report</a> published by digital asset management firm, CoinShares.</p><p class="MsoNormal">According to the firm, cryptocurrency-based products recorded a total inflow of US$7 million in the past week, marking another week of low activity.</p><p class="MsoNormal">The report noted that this suggests a “continued lack of engagement amongst investors at present”. </p><p class="MsoNormal">CoinShares explained, “Post Ethereum Merge flows indicate continued caution amongst investors with a 4th week of outflows totalling US$15m. </p><p class="MsoNormal">“This run of outflows, while minor, now totals US$80m. Our research highlights <a href="https://www.financemagnates.com/cryptocurrency/what-is-the-ethereum-merge/" target="_blank">The Merge</a> got off to a good start with a high participation amongst the validators.”</p><p class="MsoNormal">The <a href="https://www.financemagnates.com/cryptocurrency/the-ethereum-merge-can-change-corporate-perceptions/" target="_blank">Ethereum Merge</a>—or the hard fork of the Ethereum blockchain technology from Proof-of-Work to Proof-of-Stake—was completed on September 15th.</p><p class="MsoNormal">CoinShares reported that Ether, the second-biggest cryptocurrency, <a href="https://www.financemagnates.com/cryptocurrency/crypto-investment-products-volume-hits-lowest-since-october-2020/">recorded minor outflows</a> in late August.</p><p class="MsoNormal">“Very minor inflows were seen in Solana, Cardano, XRP, Tezos, Chainlink and Uniswap,” CoinShares added.</p><p class="MsoNormal">The firm attributed the minor inflows to the decision of most investors to wait out the expexted upgrade of the Ethereum network, which was completed happened last Thursday.</p><p class="MsoNormal">Analysis of the Flows</p><p class="MsoNormal">According to CoinShares, data available as of last Friday shows that digital assets under management were worth US$26.9 billion.</p><p class="MsoNormal">Bitcoin led this pack with $16.6 billion, and was followed by Ethereum with US$6.6 billion, and multi-asset products at US$2.6 billion.</p><p class="MsoNormal">Also, the firm’s research shows that <a href="https://www.financemagnates.com/tag/bitcoin/" target="_blank">Bitcoin</a> recorded total inflows of US$17 million last week. </p><p class="MsoNormal">CoinShares noted that the inflow is the first following a five-week outflows that totalled US$93 million.</p><p class="MsoNormal">Furthermore, the firm reported that short-Bitcoin recorded minor inflows that totalled US$2.6 million, with assets under management coming in at US$169 million.</p><p class="MsoNormal">“Multi-asset investment products remain a stalwart during this bearish period having only seen a few weeks of outflows this year. Year-to-date inflows now total US$224m almost matching Bitcoin’s total inflows, implying investors are seeking safety in numbers,” explained James Butterfill, CoinShares’ Head of Research.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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Why the Ethereum Merge Was a “Sell the News” Event

Ethereum made history when it completed the Merge from Proof-of-Stake last week, but ETH has suffered a sharp drawdown since the update shipped. Ethereum Hit in Post-Merge Selloffs Crypto traders...

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Grayscale Investments Files Claim over Ethereum Proof of Work Token after the Merge

Grayscale Investments, a leading investment partner for digital currencies is set to distribute Ethereum Proof of Work (ETHPoW) (Read More)

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Ethereum Energy Usage, the Carbon Footprint Down to 99.99%

The total energy demand for Ethereum is now only 2,600 MW hours per year. Ethereum’s annual CO2 emissions reduced by

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Why Has ETH’s Supply Increased Since the Merge?

While the shift to Proof-of-Stake greatly reduced Ethereums ETH emissions, higher transaction fees are necessary for the networks monetary system to become deflationary. ETH Total Supply Inflating Ethereums token supply...

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Nifty News: Rumors of new Yuga Labs collection quashed, Budweiser celebrates the Merge and more…

Yuga Labs was said to be looking at raising around $50 million from the sale of 100,000 tokenized land plots, but the firm’s co-founder says it's all “fake news.”

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WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022

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. As many expected, it turned out to be a sell-the-news event for the second-ranked cryptocurrency and has fallen by more than 10% intraday on the USD pair. Related Reading: WATCH: Bitcoin Bear Market Corrective Patterns Examined | BTCUSD September 14, 2022 ETHUSD Pair Turns Bearish Post-Merge On daily timeframes, things continue to look bad for Ethereum and other top crypto assets. The stock market is also in danger, adding stress to the entire situation. ETHUSD on daily timeframes could be forming a head and shoulders top, just as LMACD crosses bearish. More downside could be necessary where the Relative Strength Index would hopefully find support at a lower trend line. Ethereum sold off sharply after The Merge update was completed | Source: ETHUSD on TradingView.com The Remaining Bullish Signal On Ethereum Weekly Charts Turning on the Ichimoku gives Ether bulls at least some hope of hanging onto recent gains. Finding support in the Ichimoku cloud could lead to renewed energy and a retest of highs. The Ichomuku on Ethereum weekly charts also is trying to find support above the Tenkan-sen. Slightly above the Tenkan-sen is an even more important line to hold: the middle Bollinger Band. Finding support above the middle Bollinger Band has in the past led to some of the altcoin’s strongest bull trends. ETHUSD attempts to hold above the middle Bollinger Bands on weekly timeframes | Source: ETHUSD on TradingView.com Related Reading: WATCH: Bitcoin Brutalized After August CPI Data Release | BTCUSD September 13, 2022 Ether Takes Beating On ETHBTC Ratio The downside in Ethereum could be due to ongoing bearish macro conditions and strength in the dollar, but Ether even took a dive on the BTC trading pair.  Although the ETHUSD pair is hoping to find support at the bottom of the Ichimoku cloud, the BTC pair is trying to establish support above the cloud both on daily and weekly timeframes. On the weekly, the bottom of the cloud was already tested and held, which is a bullish sign. However, the downtrend resistance line appears to have struck again and sent Ether tumbling against Bitcoin. Despite the bearish signals on the ETHBTC pair, the video’s conclusion provides a longer-term bullish outlook you have to see for the full picture. Was downtrend resistance able to stop Ethereum once again? | Source: ETHBTC on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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The Ethereum Merge is completed: Here's what's next

Ethereum's long-awaited Merge with the Beacon Chain is complete — here's what the long-term roadmap for the continued development of the protocol looks like.

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Crypto Community Reacts to “Historic” Ethereum Merge Event

Vitalik Buterin, Yuga Labs, Synthetix, and others celebrated Ethereum completing its Merge to Proof-of-Stake earlier this morning. Community Celebrates Merge Event The Ethereum Merge is finally doneand the crypto community...

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Ethereum Shipped the Merge and Its Supply Is Deflating. Why Is ETH Down?

The circulating ETH supply has decreased since the Ethereum network transitioned to Proof-of-Stake. ETH Looks Weak Despite Successful Ethereum Merge It looks like the Merge may not be the bullish...

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