Ether rallies past $1,900 as Ethereum pulls off final test run of the supposedly-bullish 'merge.' Reports godbole17
expect the merge, which will combine Ethereum's current proof-of-work chain with the proof-of-stake Beacon chain, to cause a notable reduction in ether's supply, bringing a bitcoin-like store of value appeal to ether.at Sept. 19 as the tentative date for the merge. Since then, ether has rallied 60%, while bitcoin has gained 20%. The broader market capitalization has increased by 28% to $1.2 trillion.
Perhaps the merge has filled the bullish narrative void, relieving the market battered by Federal Reserve's aggressive interest rate hikes.
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