Ethereum Privacy

I am very interested in Ethereum, but I have a number of questions. Most of my questions were answered by reading the white paper and having a look around the wiki...except for one, privacy.

Public ledgers come with some serious privacy concerns and Bitcoin's privacy issues are well discussed, but how does Ethereum privacy compare to Bitcoin's privacy issues?

How does Etherum handle addresses, merge avoidance, etc.?

Can someone explain Ethereum privacy issues to me or direct me to further reading?

Thanks!

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