The Ethereum Merge Completes: Traders to Unwind Bearish Bets?
- By Dalvir Mandara
- 3 min read
The merge is finally done. Completed at 6:43 UTC, ethereum’s transition from the proof-of-work to proof-of-stake consensus protocol has been called one of the most historic moments in crypto since the publishing of the original bitcoin whitepaper.
In a previous note, we highlighted important factors that should be bullish for ethereum post merge in the longer term. But how are markets reacting during the immediate aftermath?
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