{"id":72256,"date":"2022-09-15T21:35:53","date_gmt":"2022-09-15T17:35:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72256"},"modified":"2022-09-15T21:37:09","modified_gmt":"2022-09-15T17:37:09","slug":"72256-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/72256-2\/09\/15\/market-updates\/","title":{"rendered":"Happy Merge Fails to trigger Ethereum Rally to $2,000."},"content":{"rendered":"\n<p>As of Thursday, September 15, Ethereum has finally become a \u201cproof-of-stake protocol\u201d following the much-awaited Merge.<br><br>Ethereum price may reverse the trend to the upside if support at $1,500 stays intact. Ethereum price is fighting to find footing after slipping below $1,600. The last few days have seen the newest proof-of-stake crypto asset lose at least 16% of its value due to intensifying external economic forces.<br><br>Declines are likely to stretch beneath $1,500 despite Ethereum activating the Merge earlier on Thursday. The Ethereum community is celebrating a successful transition from a \u201cproof-of-work\u201d (PoW) to a \u201cproof-of-stake\u201d consensus in a process broadly known as \u201cthe Merge\u201d. <br><br>At around 6.44 am UTC, the Total Terminal Difficulty (TTD) for the software upgrade was initiated on the PoW chain. TTD refers to the measure of the difficulty in processing a block of transactions. According to The Block, the major epoch was completed at 6.59 am, marking a key development in the Merge process.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of Thursday, September 15, Ethereum has finally become a \u201cproof-of-stake protocol\u201d following the much-awaited Merge.Ethereum price may reverse the trend to the upside if support at $1,500 stays intact. Ethereum price is fighting to find footing after slipping below $1,600. The last few days have seen the newest proof-of-stake crypto asset lose at least &hellip;<\/p>\n","protected":false},"author":13,"featured_media":37536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6905,9959],"class_list":["post-72256","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-ethereum","tag-merge"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72256"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72256\/revisions"}],"predecessor-version":[{"id":72263,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72256\/revisions\/72263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37536"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}