On October 25, the Bitcoin price showed a slight bearish correction after getting rejected at the $19,700 resistance mark. In contrast, Ethereum is consolidating in a narrow trading range of $1,335 to $1,360.
The Ethereum Merge is one of the most significant upgrades on the Ethereum blockchain network. The merge marks the transition of the Ethereum blockchain from a proof-of-work consensus mechanism to a proof-of-stake consensus mechanism.