Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different.
Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge.
Ethereum miners have sold over $40 million worth of ETH because of the Merge and plummeting revenue.
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022.
A classic bearish reversal pattern suggests pain ahead for the ETH/BTC pair despite Ethereum's milestone Merge event.
Nonetheless, ETHPoW is gaining adoption among top mining pools and crypto exchanges.