Publicly available blockchain data and analytics platforms like Etherscan

Ethereum Marks Second Anniversary of The Merge, ETH/BTC Support Broken

Sep 15, 2024, 04:30 PM

Ethereum celebrates the second anniversary of its transition from proof-of-work to proof-of-stake, a significant milestone known as The Merge. This move has notably impacted the network's staking rewards, energy consumption, and transaction fees. Despite the shift, Ethereum continues to face challenges such as high fees and network congestion. Competitors have made significant advancements, raising questions about Ethereum's ability to keep pace. Additionally, the ETH/BTC support level at 0.04 has been broken, indicating potential market shifts. For more details, check the infographic and read the blog.