Ethereum is struggling to regain momentum ahead of the merge upgrade
So far, staked tokens are locked up, and investors won’t be able to withdraw them immediately after the upcoming merge upgrade. That said, Ethereum’s long-anticipated transition to proof-of-stake will instill more confidence in stakers who plan to sell their tokens in the future. Hence, more investors are likely to stake after the merge.
Moreover, as BitMEX Research notes, more Ethereum-based investment products are may choose to provide yield after the upgrade.and the dramatic decline in energy consumption will not be able to boost the price of Ether in a “significant way.”, Cosmos founder Ethan Buchman recently described the event as a “huge deal” for the industry.
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