Ethereum (ETH) is finally a proof-of-stake (PoS) network after its long-awaited network upgrade finalised on Thursday.
Analyst on ETH price post-merge
The Merge has revamped the world’s largest smart contracts platform – now the biggest PoS chain – and has been touted as un schimbător de joc not just in terms of what it brings to the Ecosistemul Ethereum, but how this could catalyse adoption and bring long term value appreciation for the native ETH token.
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But what about the short term outlook for the token?
According to crypto analyst Rekt Capital, investors who expect sharp short term gains may be disappointed. As the pseudonymous trader points out, bullish effects of the merge for the Ethereum price might only be seen in the long term.
Source: https://invezz.com/news/2022/09/15/ethereum-price-why-eth-might-disappoint-post-merge/