Post-Merge Fallout: A Closer Look Into Price and Issuance
The Merge underscores perhaps the most impactful milestone from the original ETH roadmap, as it ushers in fundamental changes to Ethereum’s consensus, issuance, and it’s energy efficiency. It has also brought with it a high level of speculative interest in the ETH markets and has triggered heated debates on where its price may be headed. Before we dig into the aftermath of ETHs price following the Merge, here’s a quick review of what transpired heading into the Merge.
Since the market-wide bottom in June, ETH has been on a tear. And despite strong evidence suggesting crypto markets are still highly correlated with their legacy counterparts and macroeconomic factors, ETH was able to buck the trend and significantly outperform BTC and other major asset classes. At its peak, ETH managed to stage a 130% recovery from its lo
