Ethereum price crushes below $1,500 after the Merge: where to buy the Ethereum dip

Ethereum price crushes below $1,500 after the Merge: where to buy the Ethereum dip
фото показано с : invezz.com

2022-9-16 13:45

Ethereum price (ETH/USD) has dropped for the second day consecutively despite a successful roll-out of the long-awaited Merge upgrade of the Ethereum Network.

The Merge was successfully completed in the early hours of Thursday, September 15, 2022, and the timing corresponded perfectly with earlier predictions by Ethereum developers.

Despite the current fall in Ethereum price, analysts expect the price of Ether (ETH) to surge in the coming days once investors unwind the hedges that they had bought anticipating hiccups in the rollout. So far, no issues have been reported with the Merge.

According to Jon Charbonneau, a researcher at crypto research firm Delphi Digital, the Merge marks the “biggest event in crypto since the creation of Bitcoin (BTC/USD) and Ethereum. Assuming all remains well, attention will turn toward future Ethereum upgrades.”

To assist investors and traders purchase Ethereum after the merge, Invezz has prepared a brief guide on where to buy Ethereum after the merge.

Continue reading to find out more.

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What is Ethereum?

Ethereum was the second blockchain network to be developed after Bitcoin. Its native token Ether (ETH) is the second largest cryptocurrency by market cap.

At their launch, both Bitcoin and Ethereum were designed to use a proof-of-work (PoW) consensus mechanism in confirming transactions within the networks. The PoW mechanism has however proved to consume a lot of energy attracting a lot of criticism from environment conservationists.

As a result, Ethereum embarked on shifting to a proof-of-stake (PoS) mechanism which is less involving, less energy consuming and more efficient compared to the PoW.

Ethereum successfully completed the migration into a PoS system through the Merge Upgrade on Thursday, September 15.

Following the Ethereum Merge upgrade, a new ad campaign was started targeting Bitcoin’s energy us because of its PoW consensus mechanism.

Should I buy ETH today?

If you want to invest in one of the largest and most popular cryptocurrencies, then ETH could be a good choice, especially after the successful Merge upgrade.

However, the cryptocurrency market is extremely volatile, and you should invest cautiously.

Ethereum price prediction

Despite the price crash after the Merge, analysts are predicting that the Ethereum price will surge in the coming days once investors unwind their hedge positions since there are currently no hiccups recorded following the Merge upgrade.

In a previous article, Invezz had done an analysis of Ethereum price post the merge and indicated why it could disappoint some investors.

$ETH social media trends

So let me understand this the price of a ETHEREUM transaction will NOT change..😂😂😂😂😂

— DJ Peter Vas (@PeterVas6) September 16, 2022

Did the merge not work or why is Ethereum down? I thought we were supposed to be to $10k by now

— greg (@greg16676935420) September 15, 2022

The post Ethereum price crushes below $1,500 after the Merge: where to buy the Ethereum dip appeared first on Invezz.

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Ethereum (ETH) на Currencies.ru

$ 3078.22 (+0.16%)
Объем 24H $7.964b
Изменеия 24h: -1.05 %, 7d: 4.73 %
Cегодня L: $3070.93 - H: $3134.76
Капитализация $369.77b Rank 2
Цена в час новости $ 1450.99 (112.15%)

ethereum merge price hours thursday september early

Источник: invezz.com

ethereum merge → Результатов: 126


Фото:

Инвесторы разочаровались в Ethereum Classic, несмотря на его рост цены накануне Merge

Экс-майнеры Ethereum, которые стали добывать Ethereum Classic, стали пересматривать оценки роста ее стоимости. Альткоин Ethereum Classic, который демонстрировал сильный рост за несколько недель до внедрения обновления Merge в работу блокчейна Ethereum, в итоге за последние семь дней показал заметную нисходящую коррекцию, потеряв 25,5% своей стоимости и упав до 25,85 долл. На момент Merge ETC стоил […]

2022-9-22 15:33


Фото:

Pro discusses semiconductor stocks outlook post Ethereum Merge

Ethereum (ETH/USD), successfully hit the Merge earlier Thursday to mark one of the biggest events in crypto history since the launch of Bitcoin over a decade ago. The switch from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) network mechanism comes with multiple benefits for the Ethereum network (Invezz analyst Dan Ashmore gives a great […] The post Pro discusses semiconductor stocks outlook post Ethereum Merge appeared first on Invezz.

2022-9-16 22:16


В сети Ethereum активировано долгожданное обновление The Merge (Ethereum 2.0)

Сегодня, в 9:45 по Москве, произошло историческое событие, которого криптосообщество ждало почти пять лет. Разработчики активировали масштабное обновление The Merge в основной сети Ethereum. Блокчейн крупнейшего альткоина был успешно переведен на алгоритм консенсуса Proof-of-Stake (PoS).

2022-9-15 11:51


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