Ether Outlook Darkens in Charts Capturing Hangover After the Merge
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The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that’s doing little to stem a slide in Ether.
The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that's doing little to stem a slide in Ether.The network's native token is down 10% since the most commercially important digital ledger last week implemented an upgrade to slash energy use. The second-largest virtual coin had rallied from mid-June on hype around the software update known as the Merge, but that's fizzling now the shift is done. It's down some 63% this year, a bruising period for cryptocurrencies. Crypto and many other assets are also quivering ahead of what's likely ...