Why did Ethereum's PoW token (ETHW) record a surge today? Understanding the volatile market around ETHW after the Merge requires examining several factors. While initially, some predicted a strong showing for the Proof-of-Work fork championed by a group of Ethereum miners, the reality has been far more complex.

You might have seen news about EthereumPOW (CRYPTO: ETHW) price fluctuations. It's crucial to understand the context: The group of Ethereum miners hard-forking the blockchain saw the price of its ETHW token soar from $34.08 to $51.35 moments after the Merge, only to plummet back. This initial surge was likely driven by speculation and miners looking to maintain their mining revenue after Ethereum transitioned to Proof-of-Stake.

However, the long-term viability of ETHW is questionable. As noted on 15 de sept. de 2025, a lack of oracle support, the majority of DApps being supportive of the Merge, and Ethereum Classic's minimal developer activity suggests that PoW hard forks will face significant hurdles. This means the infrastructure required for a thriving ecosystem is largely absent.

Furthermore, the price has reflected this reality. 19 de sept. de 2025 saw reports that The EthereumPOW (CRYPTO: ETHW) price is down a shocking 86% since Friday’s successful Ethereum merge. The reasons behind this decline are multi-faceted, encompassing technical limitations, lack of support from key industry players, and overall investor skepticism.

Therefore, any observed surges in ETHW's price should be viewed with caution. They are likely short-term reactions to market sentiment and do not necessarily reflect a fundamental shift in the long-term prospects of the token. Keep a close watch on developer activity, oracle support, and DApp integration to gauge the true health of the Ethereum PoW fork and its token.