Despite the aggregate crypto market’s relatively sluggish start to 2022, Ethereum’s (CRYPTO: ETH) on-chain metrics look incredibly good. The utility and adoption of Ethereum have picked up the pace over the past few months, with rising capital inflow and on-chain activity.
With undervalued fundamentals and a current price far from all-time highs, you may be wondering if it is the right time to buy the dip before Ethereum enters into the next bullish rally.
What is the ETH Merge?
Sometime later this year, the most important commercial highway in cryptocurrency is about to be completely repaved and refined. Namely, Ethereum is set to make the biggest change in its near-decade history — moving from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) one. At its core, the merge to PoS will reduce network energy usage by at least 99.95%.
Want a full run down on the ETH Merge happening later this …
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