This is why the Ethereum price crashes by 11 percent

The Ethereum Merge may be delayed

Despite a successful implementation of the merge on the Ropsten testnet this week, Ethereum developers have decided to postpone a planned difficulty bomb.

This means that the transition from Ether mining to Ether staking could be delayed again. According to several analysts, this will most likely also cause a slowdown in the Ethereum Merge. According to the analysts, there is a good chance that Vitalik Buterin’s prediction that the merger could take place in August this year will not come true.

The Merge is one of the most significant events in the crypto world this year as it would make the second largest blockchain fully proof-of-stake.

The move is expected to make Ethereum more accessible to private and institutional investors, and is also expected to increase community participation in the chain.

How far will the Ethereum price fall?

Postponing the important Ethereum Merge will of course not benefit the price. In addition, ETH is in a ‘decending triangle’ pattern. According to the well-known analyst Peter Brandt, this could mean that the Ethereum price will soon fall to $1,200.

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