While the price of Ethereum (ETH) is trending in the lows there are whales and large investors who are willing to buy as much of Ethereum as they can.  There is a massive imbalance between the buying and selling orders.  Therefore, huge amounts of buying power put into the market is not making any difference nor is it causing a spike in the value of Ethereum.

There is not as much volatility in the market.  However, this is the time when there will be buyers who will be left to get exposure to digital assets at a very low price. This is the point in time when assets are greatly undervalued.

The imbalance between the buy and sell orders for ETH is expected to cause issues for Ethereum investors in the future. The market does not currently have liquidity.  The holders do not want the bulls to lose the battle versus the bears.  However, there is consistent invalidation of the bullish thesis by the price trends.

Meanwhile Ethereum (ETH) is still in the stage of if Ethereum moves to Proof of Stake.  The move to PoS according to many might not solve Ethereum’s scaling problems. Ethereum miners would sell their used GPU equipment after merge as it will not be profitable to use them.  Also, proof of stake needs less computing power and possibly would use 90% less energy.

And now the technical buzzword in the Ethereum space is about the Gray Glacier.  The Ethereum Gray Glacier is an important component in moving ETH 2.0 PoS.  It is about delays in difficulty bomb for additional 700,000 blocks, meaning it will not detonate until around October 2022.

“The Gray Glacier network upgrade changes the parameters of the Ice Age/Difficulty Bomb, pushing it back by 700,000 blocks, or roughly 100 days.”

“Ethereum’s “Difficulty Bomb” refers to a mechanism that, at a predefined block number, increases the difficulty level of puzzles in the Proof of Work mining algorithm resulting in longer than normal block times (and thus less ETH rewards for miners).”

Thus, node operators and miners will have to upgrade to their client list. Failure to upgrade will mean they are being stuck on the old pre-fork chain and that it will not support operations on the newly upgraded network. However, holders are not required to take any action unless they are instructed to do so.

The repeated postponement of the Merge is triggering anger, complaints, and anger among the ETH holders.