Ethereum Evaluation from Citibank: “ETH Looks Stable!”

Ethereum (ETH) in your network PoW from the system PoS system of Merge The merger was long awaited and it finally took place last week.

Cryptocurrency While the majority of analysts expected upward price movements in Ethereum after Merge, on the contrary, decreases were seen in ETH.

Because it has experienced a 20% decrease in the last 7 days. Ethereum It fell below $1,300. However, it has increased by 4% in the last 24 hours. ETH At the time of writing, it is trading at $1,362.

Evaluating Ethereum’s price movements after Merge citiin its recent report, said that volatility in ETH remained low despite the market’s high expectation of the move to Merge.

“As you know, the Merge merger was the first of five planned upgrades for the Ethereum blockchain and includes the move to a more energy-efficient PoS system.

With Merge, Ethereum is now 99.95% more energy efficient than when it used the PoW system.

There are no more miners in ETH. This means that Ethereum has become a yielding asset. In fact, this return is higher than some traditional financial instruments.

When all these data and the price movements of ETH are evaluated together, it seems that Ethereum is stable despite the high expectation about Merge in the market.”

Finally, the Citi report states that after the Merge merger, miners were no longer rewarded and that these rewards were 4.9 million per year. ETH stated that it is equal to the supply.