Traders flinch after Ethereum price rejects at $2,000

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Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the “ultrasound money” dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Ether price index in USD, 12-hour chart. Source: TradingView Some critics point out that the transition out of proof-of-work (PoW) mining has been delay ...

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