Ethereum Picks Up a Rally as the Merge Draws Closer – crypto.news
crypto EthereumNakuha ng Ethereum ang isang Rally habang Papalapit ang Pagsasama – crypto.news08 / 12 / 2022Balita ng Ethereum ng Bitcoin Ethereum‘s current trading activities are on the high, and bulls seem to be targeting the $2,000 mark. The cryptocurrency’s bullish momentum continues to build as “The Merger” is expected to cause a massive shift in the market. Ethereum Is Rallying ETH is currently trading at around $1,894. It has gained 4% in the last 24 hours and 17% in the previous week with the bullish momentum expected to continue. During a recent developer call, the team confirmed the mainet release of “The Merge” was for September 15 to 16. Following the successful implementation of “The Merge” on Goerli, a major testnet for Ethereum, the company anounced the final dress rehearsal for this upcoming event today. After transitioning from a Proof-of-Work to a Proof-of-Stake, Ethereum will finally be able to provide its users with better performance and lower transaction fees. This process will also help the blockchain reduce its energy consumption and improve its scalability. The potential of “The Merge” to attract more capital and new users into the Ethereum ecosystem is also one factor contributing to the companys bullish market sentiment. According to data