Issues rise to the surface within Ethereum's Development Team
Billions of Dollars are riding on Ethereum successfully completing the Merge. Can they do it?
Snapshot of what's discussed below.
- Ethereum Chart & On-Chain Analysis
- Why I’m happy the ETH merge was delayed
- Ethereum has issues at home
First, let’s start with an overview of what’s currently taking place on the Ethereum chart and On-Chain metrics.
Since the first week of March, Ethereum’s net flow has been at -1,087,610(+/-). This means that over 1 million coins have been taken off of exchanges, like Coinbase or FTX, and sent to personal wallets, like Metamask. Vice versa, if the number was positive, that would mean that users were sending their Ethereum to exchanges from their personal wallets.
Now, generally when we see more of a coin, whether it be Bitcoin or Ethereum being taken off of exchanges, this signals accumulation. Again, when we see coins being sent to…