Ethereum turns deflationary for the first time since the Merge — ETH price st...

Ethereum turns deflationary for the first time since the Merge — ETH price st...

A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price. The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than created as a part of Ethereum’s fee-burning mechanism. Simply put, the more on-chain transactions, the more ETH transaction fees get burned. On a 30-day timeframe, the....


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Here is why strong post-Merge fundamentals could benefit Ethereum price

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Ethereum's Merge won't stop its price from sinking

Ethereum became deflationary after its September Merge. But for now, it's not going to make much of a difference. Ethereum’s long-awaited Merge took place in September, shifting it from a legacy proof-of-work (POW) model to the sustainable proof-of-stake (PoS) consensus algorithm. Many observers expected Ether’s (ETH) price to respond positively as its daily emissions declined 90% with the halt of mining operations. However, the expected price surge never occurred. In fact, Ether has been down by over 7% since the upgrade. So why didn’t the Merge drive up the coin’s price? Post-merge ETH....

Staked Ethereum Hits New All-Time Highs Ahead Of The Merge

Ethereum was formerly developed as a PoW blockchain. However, it’s been planning to transition to PoS through an upgrade tagged the merge. The process, which has different phases, is almost getting to completion as the date for the merge draws closer. The target is September 15 and would finally merge the Ethereum mainnet and the […]

Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narr...

Ethereum miners have sold over $40 million worth of ETH because of the Merge and plummeting revenue. Ethereum's switch to proof-of-stake (PoS) on Sept. 15 failed to extend Ether's (ETH) upside momentum as ETH miners added sell pressure to the market. On the daily chart, ETH price declined from around $1,650 on Sept. 15 to around $1,350 on Sept. 20, an almost 16% drop. The ETH/USD pair dropped in sync with other top cryptocurrencies, including Bitcoin (BTC), amid worries about higher Federal Reserve rate hikes.ETH/USD daily price chart. Source: TradingViewEthereum remains inflationaryThe....

Ethereum Classic Gains 60% In One Week, Why The Merge Could Push Its Price Hi...

Ethereum Classic moves to the upside and recorded impressive performance over the last week. ETC bulls have been making this push as Ethereum prepares for one of the most important events in its history, The Merge. Related Reading | Ethereum Whales Purchase Over $6 Million Worth Of APE Tokens Set to combined Ethereum’s Proof-of-Work execution layer with its Proof-of-Stake consensus layer. The Merge will finalize the launch of this network’s PoS chain. At the time of writing, Ethereum Classic (ETC) trades at $43 and records a 10% and 66% profit in the last 24 hours and 7 days,....