Ethereum is feeling the pressure this early, with trading volume at the receiving end and impacting the price of ETH. A major event in the crypto industry, The Merge is eagerly anticipated by many. By combining with the Beacon Chain, Ethereum will implement a system based on proof-of-stake. This system will significantly reduce Ether’s energy consumption. Despite the Merge’s promises of a new tomorrow for Ethereum, investors continue to have poor faith in the currency. The price of ETH plummeted significantly below the $1,500 support line on August 28 and has been stuck in that border for the past two days. The expectations of traders are relatively modest. According to a source, trading volumes dropped by a shocking 45 percent on August 28. With a decrease in overall trading, transactions suffered a severe setback as well. As of this writing, Ethereum is trading at $1,580, down 1.7% in the last seven days. Related Reading: Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days? Ethereum Trading Volume Sluggish The average number of seven-day Ethereum transac ..
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