Traders were pouring into Ether after the release of a soft timeline for the long-awaited 'merge.'
The bullish momentum spilled over from Friday after an Ethereum dev release a timeline for the long-awaited “merge.”
The price of Ether was trading in the green this morning, continuing a rally that kicked off after the release of a soft timeline for the underlying Ethereum blockchain's transition to proof-of-stake from proof-of-work.from TradingView. On Friday, Ethereum Foundation's Tim Beiko projected that the so-called merge — the transition to proof-of-stake — may take place in mid-September. The September projection was one of the updates from a developers' call focusing on the merge, which would alter the crypto's consensus mechanism.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
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