Ethereum has seen its valuation climb by $354 billion since November 2022
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The Merge was completed in September 2022, ushering Ethereum's shift to a proof-of-stake consensus mechanism. Because of the large drop in issuance and the EIP1559 burn mechanism, the ETH supply has fallen by 343,000 ETH since the Merge.
Ethereum's drawdown profile has seen considerably deeper corrections than Bitcoin's, with the largest loss in the 2022-2024 cycle so far being 42%. Previous cycles have seen corrections greater than 65% throughout both the early and late stages of macro bull markets.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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