Breaking: Ethereum Merger Will Take Place on This Date!

Abstract

• The Ethereum Merger is scheduled for September 2022, following the successful launch of the Goerli testnet.
• The strong adverse sentiments are winding up, and the Whales have begun to accumulate, therefore the price of ETH is projected to skyrocket.

The introduction of the Goerli testnet has given the Ethereum price a huge boost in the optimistic direction. The Merger has been rescheduled for September 15 and 16, 2022, which may help push the ETH price up toward the $2500 goal and even higher in the near future.

BREAKING:

The Ethereum Merge has been scheduled for TTD 58750000000000000000000

This is approximately Sept 15-16th

The Merge is officially scheduled 📆

— Bankless (@BanklessHQ) August 11, 2022

However, the whales are consistently adding to their ETH holdings, which is sending strong optimistic signals for the near future. The switch from Proof-of-Work to Proof-of-Stake is finally happening in the next couple of weeks, after a long wait of almost 18 months after the launch of ETH 2.0 Phase 0, The Beacon Chain.

The Whalestatsinformation have also shifted into accumulating mode as the platform saw massive transactions as the merger draws near.

🐳 #Ethereum surged back over $1,880 after a positive #CPI report Wednesday. This 2-month high in price came with a major influx of $ETH transactions valued at $100,000 or more. This is happening in tandem with whale addresses appearing to be accumulating. https://t.co/1Wlpp7qlFh pic.twitter.com/HuEJPScD40

— Santiment (@santimentfeed) August 11, 2022

The price increased due to the significant volume of traffic and is now at a two-month high. Santimentinformation, a popular analytics site, also noted a surge in whale addresses, which is indicative of a shift in momentum from bears to bulls.

As a result, significant price appreciation over the next two weeks is anticipated, and an important upward trend in Ethereum is anticipated to begin soon as a result of the dissemination of relevant information. With the merger and the launch of ETH 2.0, the market as a whole may finally recover from its fear of missing out.