The price stability that prevailed after Ethereum's historic shift to a more energy-efficient 'proof-of-stake' network has suddenly evaporated. Reporting by _jocelynyang_ and godbole17
similar to Bitcoin's, which Ethereum used until Wednesday.
“ETH peaked at $2,000 one month ago and has seen a sharp drop today once the Merge was deemed successful. The market had priced in a successful Merge, and so far, this seems to have come to fruition," Marc Arjoon, a research associate at CoinShares, said. In the two-week run-up to the Merge, the price of ether was up 4%, but remains down 15.5% on month according to market data.quoted on the"Bankless" podcast as saying
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