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Ethereum Merge Date Finalised: Will ETH go up or down?

Ethereum Merge Date Finalised: Will ETH go up or down?

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Merging Ethereum The date has been decided and the long-awaited event is finally expected to happen on September 6, 2022. According to a blog post by the Ethereum Foundation, the merger is expected to take place on September 6, 2022, around 11:34:47 UTC.

In other words, Ethereum is transitioning certificate of contribution from work Certificate. Merge, also known as POW to POS, is first activated on the Beacon chain with a Bellatrix update, post, where all operations would move from the POW chain to the POS chain.

The public testnet upgrade has been completed successfully and Ethereum is now preparing for the mainnet upgrade.

The merge is a two-phase process, starting with the Bellatrix update on September 6th and ending with the Paris update, which is scheduled to take place between September 10th and 20th.

There is good news for reward seekers. If you find the bug by September 8th, you’ll get 4x the reward. Some critical bugs can be worth up to 1M USD.

As an Ethereum holder, you don’t need to do anything. If you hold Ethereum on any exchange, chain or in your private wallet, you don’t need to make any changes unless there are specific instructions from the service provider. Scammers may try to take advantage of this opportunity, so take all precautions and don’t click on anything suspicious.

If you are mining Ethereum, you will no longer be able to mine Ethereum after the Merge event.

For a validator who wants to withdraw their contribution to Ethereum, you have to wait until the first update after the Merge event. For now, you cannot withdraw the ETH you have staked.

With this update, Ethereum turns green. A lot of energy used to mine Ethereum can now be saved.

If you are wondering what effect the Merge event has Ethereum priceWe believe that ETH is expected to rise until September 3rd, when the price may drop. This is just speculation. Please DYOR before answering any calls and do not take this as financial advice. We expect ETH to break above USD 2300, which may go down.

Share with us in the comments what you think will happen Ethereum price after the Merge event?

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