This week has seen a price recovery for key cryptocurrencies, including bitcoin, ethereum and others. The world's second most valuable cryptocurrency, Ethereum (ETH), was able to hold above $1,500 in the early hours of Saturday.
Since a tentative September date for the Ethereum Mainnet merger was announced, the coin has been experiencing a bull run. Since demand remains relatively low, the current level of ETH can help you surpass $2,000 by the end of July.
For several months now, the Ethereum community has been preparing for the switch to Ethereum 2.0. A significant update will be available in August after the merger, which will happen soon.
In addition, the market rally means that many investors may buy ETH for fear of losing the reduced costs. Actually, directions with more than 100 ETH have risen rapidly over the past three months, which has increased the pressure on the bulls.
Many think the merger will increase ETH's value and that the most recent drop in price in recent months could be the last. The same indicator suggests that there have been some departures from these directions following the most recent increase.
Details: https://coinpedia.org/ethereum/will-eth-2-0-be-the-much-needed-catalyst-for-ethereum-price-rally/
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