Ethereum: Should ETH traders take long bets with tentative Merge date
EthereumEthereum: Should ETH traders take long bets with tentative Merge date08 / 12 / 2022Balita ng Ethereum ng Bitcoin Ethereums transition into a proof-of-stake consensus mechanism continues to be at the forefront of discussions within the blockchain ecosystem. On 11 August, core developers on the network, on a consensus layer call, suggested possible dates for the Ethereum Merge. Before the eventual Merge into a proof-of-stake network, the blockchain has to complete two upgrades called “Bellatrix” and “Paris.” According to the developers on the call, the “Bellatrix” upgrade will occur on 6 September, and the “Paris” upgrade will happen when the networks hash rate reaches a specified level – a total terminal difficulty (TTD) of 58750000000000000000000- expected by 16 September. Following this anouncement, the price of Ether quickly rallied to trade above the $1900 region, a position it last hit in May. In fact, ETH sold for as high as $1927 during the intraday trading session on 11 August. So what else happened in the last 24 hours? All hail King Ether? After rallying to a high of $1927 during yesterdays (11 August) intraday trading session, a minor price retracement pushed the price of the leading alt downwards. As of this writing, ETH exchanged hands at $1,887.66, dropping by