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First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat

Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.

Some analysts believe that the Ethereum Ropsten "Merge" will be more environmentally friendly. (Nattachai Sesaud/Getty Images)
Some analysts believe that the Ethereum Ropsten "Merge" will be more environmentally friendly. (Nattachai Sesaud/Getty Images)