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What Does Ethereum’s Move to Proof of Stake Mean for Its Price?

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  • Ethereum will move from proof-of-work to proof-of-stake this summer, Vitalik Buterin has confirmed.
  • The ETH 2.0 ‘Merge’ upgrade promises to cut transaction fees, increase coins ‘burned’ and improve congestion.
  • That should in turn limit supply and lift activity, giving analysts reason to be bullish in the long term.

Ethereum is finally closing in on its shift to proof-of-stake, and changes to gas fees that should give its cryptocurrency a boost,…

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