Ethereum & The Merge: Is The Critical Update Driving The Price Towards An All-Time High?

The Ethereum cryptocurrency is undergoing a critical update, and now the date is set: it should be September 19. This news alone can move the price up significantly – analysts therefore expect a strong impact on the course as soon as the upgrade is released. Is “The Merge” Driving Ethereum to All-Time High?

Ethereum is facing a critical update.

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Ethereum Gets an Update: With “The Merge” for AZH?

Investors and analysts are currently watching Ethereum with interest: the second most valuable digital asset has gained as much as 35% in the last seven days, leading the crypto top 20 by far (data from Coinmarketcap.com). The reason: the blockchain of the leading smart contract network is undergoing a critical update. This happens in stages, the next one is called “The Merge” and provides the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism. “The merge is the most significant upgrade in Ethereum’s history,” commented the Ethereum Foundation.

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