Ethereum May Not Move Past $240, Surprising On-Chain Metrics Show

Ethereum May Not Move Past $240, Surprising On-Chain Metrics Show

Screenshot 2020 06 16 at 15.30.14

Ethereum prepares for a major upgrade that is set to transform the crypto-economic incentives on the entire network. The underlying consensus mechanism will transition from a proof-of-work (PoW) algorithm to proof-of-stake (PoS).

Such an upgrade is expected to solve some of the scalability issues that the protocol has faced throughout the years and it will also introduce staking rewards for ETH…

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