Ethereum is having a terrible week despite the fact that the merge upgrade is less than a month away
, the second-largest cryptocurrency, extended its slide over the weekend, dropping to an intraday low of $1,523 on Saturday on the Binance exchange.On Sunday, Ethereum is up 1.52% at press time after hitting an intraday low of $1,562.Ethereum is struggling to recover after logging a double-digit loss on Friday, which has dampened the cryptocurrency’s bullish momentum.
The significant downturn came despite tons of positive news coverage surrounding the upcoming “merge” upgrade. As reported by U.Today, Ethereum is expected to switch to the proof-of-stake consensus mechanism in less than a month from now. Some of the leading voices within the cryptocurrency community seem to be unfazed by the recent slump. On Friday, former BitMEX CEO Arthur Hayes
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