Ethereum (ETH) price breaks nearby support as block rewards are cut by 75%

Ethereum (ETH) price is trading over 3% lower today as the sellers attempt to force a correction below the $400 mark. Separately, the latest Ethereum improvement proposal (EIP) will cut block rewards by 75% and was condemned by miners who think the proposal will hurt the network’s security. Fundamental analysis: Block rewards cut by 75% The latest EIP calls for a major cut in block rewards making ETH miners unhappy with the new proposal. They believe those behind it care more about investors’ interests rather than the network’s safety.  The proposal will cut the block rewards to 0.5 ETH from