What’s going on with the ETH Merge?

You may have noticed that the Ethereum token, known as ether or ETH, has rallied of late, up 45% in the past week.

One big reason for this rally? The upcoming Ethereum Merge.

What is the ETH Merge?
The ETH Merge refers to Ethereum's highly anticipated transition from the blockchain’s energy-intensive proof-of-work consensus mechanism to the much more efficient proof-of-stake consensus mechanism.

What does this mean? The Merge will reduce Ethereum’s energy consumption by approximately 99.95%.

Not only will the Merge make Ethereum more efficient and sustainable, it will also increase the blockchain’s security and scalability.

Ethereum is the world’s largest smart contract blockchain, so this transition is no small feat.

Why is the price of ETH rallying?
One reason is increased clarity around the timeline of the Merge.

Recently, Ethereum Foundation member Tim Beiko hinted that the Merge could take place as early as mid September 2022. This clarity has invigorated investors’ interest in the blockchain’s native token, ETH.

This information has caused a spark of optimism within Crypto Twitter, which also might explain part of the current rally. Want a piece of ETH?