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It wasn't suppose to be eventful. It was the next step in the improvement of the Ethereum technology and one that they have been planning for and testing for many years.The price was suppose to be irrelevant in the switch since it is the benefits that will continue to eventually attract institutions/adopters.
Long term hold for me after initially buying in 2017...GLTA!
$ETHUSD
Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs https://cointelegraph.com/news/breaking-historic-day-for-crypto-as-ethereum-merge-to-proof-of-stake-occurs via @cointelegraph $ETH $ETHE Premium POS POSA
Anyone buying into this green energy nonsense doesn't have a clue about reality. The only clean energy is nuclear. And we will be there at some point. All the other energy sources are just to make someone rich. Bottom line. You can run New York city from a 12" x 12" box with nuclear. This entire eth event was just something to keep butt head relevant and in the news. Just my opinion
Correct, but wasn't the merge also supposed to cut the highway robbery gas fees? Or does that ripoff remain?
Tanking from here in my opinion. Never seen such a meaningless event pumped so hard for years.
Well hey….Its a stock….they all go up and they all go down….
Lock in those gains/losses flash crash expected overload of sellers.
Not really. Always clouds before the big storm.
Hopefully will see a double rainbow when it's over.
Think it's happening as of this message.
either way. Do not expect much out of it.
Countdown to 'The Merge':
https://watcher.guru/ethmerge
Looks like it's going to happen after midnight.
$ETHUSD
Thats what happens when you have a slew of day traders and 1 tick flippers instead of investors in the market
With Inflation at 8.3%, Ethereum Risks “Sell the News” Merge
https://cryptobriefing.com/with-inflation-8-3-ethereum-risks-sell-the-news-merge/
short selling, day trading vultures circling...? sad...go eth !
Key Takeaways
-- Ethereum has dropped by 8.7% after U.S. inflation fell by less than analysts' expectations.
-- The downturn puts Ethereum at risk of its upcoming merge to Proof-of-Stake becoming a "sell the news" event.
-- Several industry figures have outlined the potential for increased ETH selling, even in the event that the Merge is successful.
I have to say a little anxious till 2023
Why Ethereum Price Is Unlikely To Dump After “The Merge”
by Reynaldo Marquez 1 hour ago in Ethereum Reading Time: 3 mins read
The Ethereum price is rallying above critical levels as “The Merge” is on the horizon, the bullish momentum might receive a fresh push and finally take ETH north of $2,000. In the meantime, market participants are speculating about the immediate future of the second cryptocurrency by market cap.
At the time of writing, Ethereum’s price trades at $1,710 with a 4% loss in the last 24 hours and a 9% profit over the last week. After weeks of leading the market, ETH is underperforming Bitcoin. The number one cryptocurrency records an 11% increase in 7 days.
For a deeper dive into the Bitcoin price and its potential bullish signals, check out our video below where our Editorial Director Tony Spilotro makes the case for the formation of a bottom with massive potential for appreciation, similar to 2020.
Who Is Most Likely To Sell After “The Merge”?
The market is seemingly divided on “The Merge”, the event that will complete the ETH transition to a Proof-of-Stake (PoS) consensus. Some expect the Ethereum price will operate under a “buy the rumor, sell the news event”, other are betting on a bullish continuation.
In a recent report from on-chain analytics firm Nansen, looking into the top ETH stakers ahead of “The Merge”, the staking dynamics, and its impact to affect the Ethereum price, there is a forecast about a potential negative impact on the cryptocurrency from stakers.
Nansen rules out any short-term bearish influence from these investors as the ETH currently locked on the Beacon Chain, the PoS blockchain, will be illiquid for a portion of them until the implementation of the Shanghai upgrade in 2023. This update will allow stakers to withdraw their funds.
Illiquid stakers are those that send their ETH to the Beacon Chain in 2020, they can’t withdraw their funds for an undefined period of time, and liquid is those using Lido and similar solutions to stake their funds and receive the rewards.
Of this group, Nansen believes illiquid stakers are less likely to sell after the Shanghai upgrade in 2023 if the price remains above $600. There is around 1 million ETH locked at that price which could “dripped not the market”.
In that sense, the report claims around 71% of all ETH used to secure the PoS blockchain was staked at a loss. Nansen claims 18% of “all staked ETH at present belongs to illiquid stakers that are in profit, the category most likely to sell once they are able to unstake”.
However, Nansen is not expecting this selling negatively impacts the Ethereum price or to put massive selling stress on the crypto market. This factor could operate as another bullish fundamental for an Ethereum price post “Merge”.
Whales Accumulate Ethereum In 2022
In addition to a possible low long-term negative impact on the Ethereum price, Nansen noted an increase in the amount of ETH millionaires and billionaires. These addresses have been labeled by the on-chain analytics firm as individuals and not smart contracts or exchange platforms.
The report claims that these large players have “consistently been stacking Ethereum since the beginning of this year”, despite the bearish price action. As seen in the image below, the trend has persisted and spiked in August and September this year.
Will this accumulation positively impact the market or are these whales accumulating to dump ETH shortly after “The Merge”?
https://www.newsbtc.com/news/ethereum/why-ethereum-price-is-unlikely-to-dump-after-the-merge/
We are close...
Ethereum’s transition to Proof of Stake will improve the network’s sustainability, security, and future scalability.
https://www.google.com/amp/s/www.aljazeera.com/amp/news/2022/9/11/ethereum-blockchain-set-for-monumental-overhaul
$ETHUSD
It’s going to be a diff Tuesday
Looking forward and seeing new wins
Not for ppl in New York State. N ys uck s
Well it’s good that we still have staking going on and returns Every three days sometimes 1 to 2
Because with new news ETH should be running to prepare for the merge break…that should start a blue sky breakout but too many greedy 1 tic flippers will ruin the potential before it even gets close to doing anything which will turn away new investors…
I know what you mean, but crickets anyway.
I just see it’s all about the kids that play in the park
Why is everything about a crash or loss nevertheless anything positive
Well whoever that is buying just to dump back down is lame af because nobody falls for that trap anymore…lol
Was really hoping ETH would pick up as the merge approaches.
ETah has been on the decline all year….
Thats why there need to be regulations
Watch black rock take this from 1500-2500 out of no where
Doubt it will ever go down that low.
$ETHUSD
"Valkyrie Chief Investment Officer Steven McClurg joins Emily Chang and Bloomberg's Sonali Basak to discuss how macro trends are affecting the crypto markets, the implications of the Ethereum Merge, where Valkyrie sees opportunities in this environment, and his read on institutional sentiment."
Bitcoin Strategists See Charts Signaling Another Downward Move
yep. been holding it for years.
Why Ethereum Is An Attractive Investment Right Now
by Best Owie 4 hours ago in Ethereum Reading Time: 3 mins read
Ethereum has been stealing more market share from bitcoin over the last couple of weeks. This is a result of the Merge announcement that took the space by storm about a month ago. Since then, interest in Ethereum has skyrocketed. But with the decline in price, investors are becoming warier about investing in the market. However, that does not mean that Ethereum is no longer a good buy.
The Upcoming Merge
For many, the news of the Merge is one that has been a long time in the making. This is why when developers announced that the Merge would be happening sometime around September 15th, the community erupted in joy. But besides just being an important upgrade, the upgrade has also served as a good buy signal for the digital asset.
Firstly, with the move to proof of stake, Ethereum will consume about 99.95% less energy than it used to. This means that the concern of environmental pollution is eliminated for the digital asset and takes it off the radar of governments who are looking to sanction cryptocurrency mining due to how much energy they consume.
Another good reason is the fact that the ETH staked on the Ethereum 2.0 contract will not be automatically released. Presently, there is more than 11% of the total supply of ETH staked, with more being added daily. Developers have announced that there is no withdrawal function being put into the upgrade. This will likely come 6 months to 1 year after the Merge. Simply put, ETH will remain locked on the network for another 6 months to 1 year, causing the circulating supply to decline.
Ethereum Still Looks Bullish
Ethereum is still one of the most bullish cryptocurrencies in the market right now. The exchange net flow shows a marked accumulation trend among investors in the space. In the last 7 days, over $6.2 billion has been moved out of centralized exchanges, with the daily net flows following the same trend.
The transaction fees of Ethereum have also declined significantly, making it a good time for investors to move assets across the network. At the time of writing, ETH transaction fees sit at 11.74 GWEI, or $0.4.
The digital asset has also been able to fend off the bulls. With the price still sitting comfortably above the 50-day moving average, ETH has been one of the only cryptocurrencies in the space to reduce the selling pressure on investors.
To cap it all off, as the Merge draws closer, anticipation will likely continue to grow. If the case is the same as what was seen in the weeks after the announcement had been made, the price of ETH is likely to break $2,000 before the Merge.
https://www.newsbtc.com/news/ethereum/why-ethereum-is-an-attractive-investment-right-now/
Seem like the entire crypto world is running in place.
Unlikely to say the least.
Careful...that was the dead cat...this is going sub $1k again. Buy zone is $300-500 in a couple years, not now. Use DOWN coins to make $
Did you see what he had to say? As far as the crash? Smh
This is not Terra. If anything, it will be the defacto smart contract platform of the future, IMO.
$ETHUSD
If 1200-1500 comes. You buy. Long term. This is Software. Bill Gayes ain’t got shit on it.
Added $ETH @BlockFi Long and Strong $ETHE Premium World Computer 2.0 Code Is Law CHAiNLiNK’d
Terra looked the same way when it started dumping
Will Coinbase cancel ETH staking if sensor? hmmm!
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