Ethereum Bearish Pressure Can Drag ETH Back To $1,000 Level

Ethereum completed its shift from proof-of-work (PoW) to proof-of-stake (PoS) via the highly anticipated “merge” last September 15, 2022.

But after more than a month from that historic event, Bitcoin’s closest rival still has nothing to show for as its price flat-lined as it failed to take off despite the hype that surrounded the second largest cryptocurrency before the merge.

  • Ethereum struggles to breach and sustain the $1,300 marker
  • ETH is caught in a…

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