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ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2
#ETH starting to look like a bullish scenario could be unfolding#ETH So we broke down on the most recent trend line, there was a pretty big divergence - technically we are looking like a longer term retest here. This is looking pretty bullish to set up a buy around $1370 tbh - naturally there is some big things going on in the market that could cause a much bigger drop, although stagger some entries I feel from about that region. The volume profile is showing not much demand between 1479 to 1364 which is making me feel it will sink to about that price region before seeing true support
Long
by Kryptochristian
3
🔥 Why does Ethereum fall after the MERGE? Where the fall stop?Hi friends! ETH fall after the merge and even BTC make a local pullback on this fall. But how long will the price fall and where is the best place to buy? ✅ Fundamental analysis 📊 What event can be compared to the Merge to understand how the price will move further? The most acceptable event for us is not the fork of some atcoins but the BTC halving✅ After the halving BTC price is falling for the some time. This happen because of the high retail traders expectations. A lot of retailers wait for the PUMP on the halving but get only BTC conolidation or local decline. 🚩 So the fall after some crypto events it`s not something unusual if we compare the MERGE and BTC halving. This fall is liquidate overleveraged traders, force retailers to close their trades in loss. And it`s good for us, the desciplined traders who know what to do on such bear and crypto events markets as we are. 📊 Why could Etherium lose its Altcoin #1 status? After the PoS switch, 46% of transactions in the Etherium network are controlled by only 2 validators (2 addresses). As far as we know, the main advantage of cryptocurrency over fiat money is decentralisation. If the situation does not change soon and many new players do not appear, we can forget about decentralization on the new Ether and the price may fall even lower, as big players will start to slowly sell off this insecure cryptocurrency. ✅ Technical analysis 📊 The downtrend. Ethereum is in a downtrend as we can see on the chart. If the cryptocurrency is in a downtrend, then no event will help to grow, especially such a large cryptocurrency. The series of lower lows (LL) and lower highs (LH) continues. We have to wait the new higher highs (HH) and higher lows (HL) to get nice longs and make money on the growth. 📊 The value areas where we can expect the price reversal are: 1. $1050-1250 - the closest value area 2. $530-660 - an area, which with a probability of 90% the price will not reach, but it is worth to mark ✅ I`ll be looking for the whales orders to BUY on the DOM and Footrpint scalping tools. For example, 3000-4000 ETH orders to buy confirm me the WHALES pressence. A several days ago it helps me to identify the large sell order WALL after what the price of BTC and ETH, so that are very usefull tools. 🚩 Pay your attention to the volume indicator if you don`t use DOM and Footprint. Actually it has less efficiency than that scalping tools but also can confrirm you the pressence of whales! Also, the squeeze to the global trendline will be a good signal after the such DUMP. Don`t miss the enrty point and don`t lost your deposit before the bull run in the 1-2 years! Now it`s better time to learning, testing new tools and strategies, especially for the beginners! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Editors' picks
by Yuriy_Bishko
59
🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum? ✅ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work. ✅ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth. ✅ My recommendation is to be prepared for strong price movements in the near future. 📊 Preconditions to open a long: 🔥 squeeze to the trendline 🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k 🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them 🚩 According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too. 📊 The targets for the long: 1. $1540-1650 - the closest value area 2. $2030 - the key level, vale 🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
Education
by Yuriy_Bishko
7
🔥 What heppen to ETC after the MERGE? BULLISH FLAG breakout🚩Hi friedns! ETC is moving in the huge bull flag. Let`s talk about the most potential scenarious for the ETC price. Ethreum Classic is the oldest ETH fork and we see how it`s following the ETH price. Huge dump of ETC happen at the same time after the ETH MERGE. Even if other altcoin make a reverse, the price of ETC will follow the ETH. ✅ After this correction i can expect some pullback. The price fall to 2 important support levels: 1️⃣ the bottom boundary of the bullish flag🚩 2️⃣ the huge value area of $25-28 📊 When you should open a long: 🔥 the whales liquidity collection (false breakout) below the bottom boundary of flag 🔥 the volume growth during the false breakout which confirms the pressense of whales 🔥 DOM and Footprint confirmation of the big orders to BUY at the bottom. These scalping tools help me to identify the whales who want to trap the retailers. In the most cases the bounce from this size lead to the pump and you make 1:5-20RR trades. 🔥 bullish BTC force all the altcoins reach the targets ✅ The closest target is the top boundary of the of the bullish flag ($36-38)🚩 The huge value area are also there, so you can book 50-70% of your profit. The pullback is hughly expected. 🚩 If the price fall below the value area of $25-28 and BTC will be bearish, ETC easilly reach the $15-16. In this case we can open our short on the test of the flag or this value area as the resistance with short sl and nice RR. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
Analysis update ETH/USDT in 4Hour🤭Hello, we are back🖐 As we said in the previous Ethereum analysis, with the breaking of the support trend line and the loss of the $1,500 support area, the price will hit the $1,425 & $1,360 level and the volume support area, as you can see, this has happened. Further, by stabilizing the high price of the last pivot formed at the level of 1408 dollars, it is possible to reach the targets of 1500 dollars and 1650 dollars. Otherwise, it is expected to advance to $1,125 and $1,070 as the volume zone is lost. Arztoday Team🌟 Analyzer✍: AR.Rashidi
by arztoday
ETH Merge - Risk on Market, the Role of Derivatives and ETH PoWDespite the successful ETH merge, the positioning of traders has been fairly one-way since then. Since September 15, ETH has underperformed BTC by 12.43%. This rally to the downside can’t only be attributed to the adverse macro conditions. The Merge is and has been an unequivocally bullish and risky event for Ethereum. If the merge had failed, it would have been catastrophic for the ETH price and the crypto ecosystem in general. Normally, a headline like the Merge would have driven the Market completely risk-on, however, risk was already on. On August 23 ETH/BTC was trading at 0.075 and topped 0.0856 (+14%) on September 7. At the merge snapshot, ETH/BTC was trading at 0.08099 (+7.9%). At the time of writing, its trading at 0.0688 (-12.43%). Interestingly enough, Delta-one traders were trying to get the most out of this event and in this case, they bet on the ETH Proof of Work coin airdrop, in the case that there was a Hard Fork of the Ethereum Blockchain. Derivatives traders entered long positions on spot ETH, and hedged the market exposure via Futures. In normal market conditions, the Basis spread and the funding spread between ETH and BTC tends to zero. While a positive (negative) spread is typically a signal of bullish (bearish) market. As the possibility of having an ETH PoW token materialized, the funding spread between the two pairs became wider and wider, and reached -394.2% annualized in the hour prior the merge. Hedging 1 ETH via a Perpetual Future on FTX for the 24h prior the merge costed $12.18 (or 0.7585% ETH). In the 4 hours following the creation of the ETH PoW market on FTX, the coin was trading at an average of $22.98, that is 88.73% profit excluding fees. FTX was one of the first exchanges to both credit the airdrop and to support trading of ETH PoW. All the market participants who had their Ethereum outside FTX did not receive the token at that time, nor had the possibility to sell it on margin and cover the position at a later date. Indeed, since the airdrop, ETH PoW flow has been skewed to the sell side and it is now trading at $6.167. Now I expect that Basis and Funding spread will find a new equilibrium that will be close to the ETH PoS staking rewards, thus a minus 4-7% annualized spread between the two pairs is reasonable. For ETH PoW I don’t see a long future as most of the Developers, Protocols and Community are not supporting it anymore. Happy Trading! Matteo Bottacini and the Crypto Finance Trading Desk
by mbottacini
ETH: Rallies should be capped!Ethereum Intraday - We look to Sell at 1415 (stop at 1456) With signals for sentiment at oversold extremes, the dip could not be extended. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. Daily signals are bearish. Traded to the lowest level in 67 days. Our profit targets will be 1314 and 1284 Resistance: 1300 / 1350 / 1400 Support: 1240 / 1200 / 1150 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDShort
by VantageMarkets
1
ETH/USDT: Turn neutral => 1465 and 1800 (Downside risk active)---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- ETH/USDT: Turn neutral between 1465 and 1800 (Downside risk active - caution) Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend this summer - however the market is now challenging the capacity to go higher with the test of 1465. - The global macro remains bearish (Crypto + Stocks market) leads by hawkish ton from central bank and a further inflation risk context - The Merge was a success but will not allow the network to perform till the sharding update is completed Previous analysis 09/09/2022 : Market configuration - Graphical Elements : Graphical support = 1465 / 1240 /880 Graphical Resistance = 2170 & 1800 - Mathematical Indicators: EMA ( Exp Moving averages) are resistance = bearish RSI indicator (below) is now below 50% with new bearish signal = Bearish (No divergence) - Elliot & Harmonic Wave (Fibonacci): A last drop to draw the wave (v) (c) (4) is now completed - the market is now bouncing off in recovery Fibonacci resistance of the wave = 1800 Fibonacci bullish wave target at 2170 before 2690 Fibonacci bullish wave support at 1465 Fibonacci bearish wave target at 1240 and 1070 Conclusion Combining the fondamental situation (Global macro fighting against inflation with hawkish ton from FED) + Technical Element , it now hard to find element to call for a further recovery, it is better to protect the gains from the summer and wait for clearer situation Neutral = We turn neutral between 1465 and 1800, breaking 1465 the market will go directly to 1240 before any possibility of new recovery, we will update the chart once the elements are more precise.
by JeanJean1983
1
The Merge Breakdown ETH 2.0 is here! Yesterday, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will shift the Ethereum blockchain over to new Proof-of-Stake validator nodes which will require staking 32 ETH in order to become a validator on the network. For an investor, holding ETH is now more attractive due to the fact that it is now deflationary. This means that Ethereum is now the highest market capitalisation deflationary asset on the planet. The transfer off the legacy Proof-of-Work system is proposed to lead to around a 99% reduction in the energy consumption of the network. In short, this will make Ethereum much more efficient and allow for significant strides to be made towards crypto’s environmentally sustainable future. Additionally, with the current ESG narrative in investing, this improved efficiency could attract new institutional investors to the world of crypto who may previously have avoided the sector in order to maintain a green image. Another important implication of the merge is that the number of ETH tokens issued as block rewards will significantly reduce. Prior to the merge, around 13,000 Ether were mined each and every day. Now, this number will reduce to approximately 1,600 Ether per day. This is another bullish implication of the merge as there will be significantly less selling pressure on Ethereum from miners selling their rewards. From a technical perspective, it first appeared that the market already had this event priced in as in the first few hours post merge, we didn’t experience any significant volatility that many were expecting. On the daily timeframe, there was a clear example of a symmetrical triangle pattern. Bulls were eagerly watching this chart as a breakout above this triangle could have lit the way for new range highs. Many were expecting a breakout above this triangle as MA9 and looked poised to cross above MA50 which would have marked a strong buy signal. However, in the end, the bears got their way as the the triangle pattern broke down and we crashed into back below $1,500 causing MA9 and MA50 to diverge. Bulls will be hoping that we can get some respite towards the $1,400 – $1,450 support range. The reason for the drop is largely unknown however many speculators believe that it was caused by traders offloading the ETH they had previously bought to speculate on the fork. Another reason could be that the price was previously propped up by traders purchasing or borrowing extra ETH in order to claim extra Ethereum as we transitioned to Proof-of-Stake. Now, these traders are selling off this excess ETH causing prices to fall to the current lower demand level.
by Coinrule
#BTC 12H TF : 09.16.22 (Update)As you can see, the price is in the range of $19,700 at the moment, please note that this scenario is only valid as long as the price is above $19,500, otherwise the price can see lower targets as well, one of the important support zones is the Bullish OB in the range of $18,500 to $18,900 ! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 09.16.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
10
ETH/USDT: Bullish reversal must be confirmed - 2170 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- ETH/USDT: Bullish reversal must be confirmed - 2170 to watch Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC remains in underperformance versus ETH. - We are watching at 2170 to bypassed to extend the bullish recovery in progress - Waiting the Merge on ETH 2170 remains a strong resistance / target where the short-term trader have to consider as taking profit level to re-enter in a dip (wave iv) Previous analysis 11/08/2022 : Market configuration - Graphical Elements : Graphical support = 1425 / 1070 /880 Graphical Resistance = 2170 & 2690 - Mathematical Indicators: EMA (Exp Moving averages) are support at 1570 = Bullish/Neutral RSI indicator (below) is now above 50% with room to the upside = Bullish - Elliot & Harmonic Wave (Fibonacci): A last drop to draw the wave (v) (c) (4) is now completed - the market is now bouncing off in recovery Fibonacci resistance of the wave = 2170 Fibonacci bullish wave target at 2170 before 2690 Fibonacci bullish wave support at 1425 Fibonacci bearish wave target at 1070 and 1240 Conclusion Prefered case => As long as 1425 remains support a larger recovery towards 2170 is expected with strong conviction, only a break above 2170 will open a direct recovery potential towards 2690 and 3250 Alternative case => Breaking 1425 a new bearish attack towards 1240 and 1070 will occur
Long
by JeanJean1983
[09/16] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis After the Ethereum Merge event yesterday, there was a strong shaking movement up and down, hitting a high point after 16:00, creeping down, and a strong drop occurred after the opening of the Nasdaq. Bitcoin also fell due to a sharp drop in Ethereum, renewing its low point. Overall, the stock market situation is judged to be bad. As the U.S. Cpi index is higher than expected, inflation is not as well set as the Fed's expectations, and the probability of further promoting interest rate hikes is increasing. After the unexpected increase of 100bp at once appeared, the probability is gradually increasing. As a result, NASDAQ has entered a downward trend again, breaking 12,000 points, and Bitcoin is also weakening. Let's take an approach in terms of technical analysis. First of all, Bitcoin began to plunge with a cpi announcement at 22.8k, and as I said before, that position was in contact with the downward trend from 69k. Because it was resisted without breaking through that position, it can be seen as a negative situation, and the current movement is considered to be in the trend of declining expansion. So far, there has been no sign of a rebound, and 19.8k was a support for sale, but it is now acting as a resistance. If 19.8k falls without penetration, the downward trend is likely to continue. The support line below will be 19,000, which is 0.886 digits of the previous increase, and 18500 lines, which is the double bottom. If the downward trend continues and leaves to 18.5k, the probability of renewing the 17.6k low point is very high. Let's buy and sell with a low point renewal in mind!
Short
by BeastTrading_Sehyun
1