It is important to note how much selling pressure $ETH will avoid in the next few years following PoW shutdown
It is also important to notice that the lack of Ethereum network usage would have affected the mining's financial efficiency if the PoW algorithm were still active.
Only a few days prior to the Merge, Ethereum's price performance was showing exceptional results with a short-term 20% rally, while most digital assets were losing up to 7% of their values.and other assets have entered a short-term bullish cycle, but not the second biggest cryptocurrency on the market.
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