Ethereum Merge Has Been Triggered! ETH Price At Risk Of Massive Sell-off
The post Ethereum Merge Has Been Triggered! ETH Price At Risk Of Massive Sell-off appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Ethereum Merge is now live! The event, which marks the blockchain’s transition to proof-of-stake, has been the talk of the town for months. Also, very high anticipations around the price surge followed the merge reveal. However, on the contrary, the price of ETH is failing to rally in the run-up to the merge event. The crypto community is worried about a price slide due to the influx of ether (ETH) into exchanges. The cumulative inflow of $1.2 billion is supposedly the largest in six months. An influx of coins into exchanges is usually taken to represent investor intention to sell, while outflows typically represent an intention to hold for the long term. The second-largest cryptocurrency is actually floating in the red at the time of writing.
