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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.
The latest crypto crash is happening as investors are afraid of global macroeconomic conditions and the US Federal Reserve is trying to curb rising inflation.
Ethereum co-founder Gavin Wood has said that crypto investors need to be more aware about what is backing their virtual currency.
Ethereum trades have slowed down, and experts predict this signifies an incoming rally. If successful, Ethereum value can shoot past $4,000. ETH's overall performance teases a strong potential that can surpass Bitcoin price.
According to Cathie Wood, the founder and CEO of Ark Investment Management, Ethereum price is set for a bullish trade in the coming months.