The crypto market has returned to the green with Ethereum (ETH) leading the recovery. The second crypto by market cap has seen bullish momentum on the back of a potential full transition to a Proof-of-Stake (PoS) consensus. The date for this event was announced two days ago.
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This process will be completed with “The Merge”, an event set for September 19, 2022, with the objective of combining Ethereum’s execution layer with its consensus layer. ETH core developers have successfully carried out this process on the network’s main testnet.
As uncertainty around “The Merge” mitigates, crypto investors, grow increasingly bullish. At the time of writing, Ethereum (ETH) trades at $1,480 with a 10% profit in the last 24 hours and a 27% profit in the past week.
ETH’s price with small profits on the 4-hour chart. Source: ETHUSDT Tradingview
In the crypto top 10 by market cap, only ETH’s price records such an increase. Bitcoin records a 7% profit in the past week, wh ..
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