- Vitalik Buterin announced that the Beacon chain hard fork is on September 6, users need to update their clients before the deadline.
- The Merge is scheduled to occur around September 10 to 20, post the Beacon chain hard fork.
- Analysts argue Ethereum price uptrend could continue since ETH crossed two significant supply zones at $1,475 and $1,560.
Ethereum price has crossed two significant supply zones pushing the asset’s price past $1,576. Post Vitalik Buterin’s announcement, analysts’ outlook on Ethereum has turned bullish. Analysts predict a rally in Ethereum post the transition to proof-of-stake, scheduled to happen in the Merge.
Also read: Ethereum funding rate drops to the floor, what to expect from ETH price?
Ethereum Merge draws closer, Buterin announces Beacon chain hard fork
Vitalik Buterin, co-founder of Ethereum announced that the Beacon chain hard fork is on September 6, and will lay the foundation for the Merge on the mainnet, expected anytime between September 10-20. The Merge will enable Ethereum’s shift from proof-of-work to proof-of-stake, opening a new much-anticipated chapter for the ecosystem.
In a recent tweet, Vitalik Buterin explained the significance of the Beacon chain hard fork in the projected Merge. Ethereum mainnet has to “merge” with Beacon chain for the transition to proof-of-stake to be completed smoothly. Buterin reminded users to upgrade their clients before September 6, the deadline for the Beacon chain hard fork.
Reminder: even though the merge is coming around Sep 10-20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then! https://t.co/x8GQCbtNNk
— vitalik.eth (@VitalikButerin) August 30, 2022