Author: James Wilson

While Ethereum’s upgrades are progressing toward long-term blockchain adoption, they lack the immediate impact needed to drive bullish sentiment in the market, analysts note. Ethereum (ETH) has been struggling to keep up with Bitcoin (BTC) since the Merge in 2022, failing to spark the bullish moves many had hoped for, analysts say. In a recent research note, Singapore-based blockchain firm Matrixport pointed out that most Ethereum upgrades have had little effect on ETH price. Instead of creating instant market changes, these upgrades seem to be part of a long-term strategy for wider blockchain adoption. “These upgrades appear to serve as…

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