SummaryThere is a lot of speculation around the Merge, which is creating market-wide imbalances.If the price drops, as I believe it will, this could lead to a market-wide sell-off.I suggest three metrics to keep track of during the Merge.Thesis SummaryEthereum (ETH-USD) is now a day away from the much-anticipated Merge. In this article, I quickly review what this means for the Ethereum blockchain in the long run.On top of that, I look at how the market is reacting to this event and what my expectations are. There is a possibility that the Merge could act as a catalyst for a major liquidation event.Finally, I suggest three indicators/metrics to keep an eye on as the Merge takes place since these could give us a warning if something goes wrong.A Quick OverviewThe Ethereum Merge is one of the most awaited events in crypto, and it has even reached the mainstream, with Google setting up a countdown just for the occasion:ETH Merge countdown (Google)But let's cut to the chase. The Merge involves merging Ethereum's mainnet with the Beacon Chain. This chain was developed and launched in December 2020. The Beacon chain has run parallel to the Ethereum chain, but it has been achieving consensus instead of validating transactions. This means it has been setting up validators and agreeing on their account balances.Now, the Beacon Chain will merge with the Mainnet. This means that the Beacon chain will become the consensus protocol for the ...
PEPE 60% Below ATH; Time For PEPETO?
