Ethereum’s “the merge” upgrade goes live
Ethereum's "the Merge" upgrade is now complete.
The overhaul transitions its blockchain from proof-of-work to proof-of-stake. According to the Ethereum Foundation, this will result in its energy consumption dropping by 99.95%.
Developers will monitor metrics, but ideally, users will be oblivious to the upgrade. So whilst this advancement won't make Ethereum faster, cheaper or increase scalability, it makes those features possible for future upgrades.
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Source: www.tradingview.com
ETHUSD is currently trading in its neutral channel between the blue bands. Its stochastic is flat and in "no man's land" (blue arrow). The Bollinger bands are starting to squeeze (green vertical rectangle). This contraction suggests that volatility is set to expand. In this regard, channel and stochastic bias will be insightful in trend direction determination.
Image by Peter Patel from Pixabay
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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