This Will Happen To Ethereum Following Future Merge

Ethereum is waiting for an important upgrade, and this merge that is just around the corner will have a great impact, according to multiple reports. Check out the latest news below.

A widely followed crypto analyst is revealing what he thinks will come next for the top smart contract platform Ethereum (ETH) after its highly-anticipated merge to proof-of-stake.

In a new video update, the pseudonymous host of Coin Bureau known as Guy made sure to highlight that Ethereum’s upgrade should come by the end of the year and spark fresh ETH rallies.

“I think we are pretty likely to see an ETH merge this year, that’s based on the fact that the devs are comfortable enough to put it in the diary for September, even assuming there were one or two bugs and it was pushed back again, there are still three months as a buffer for the remainder of the year.”

He continued and said:

“When the merge does finally occur, we’re likely to see a rally in the price of ETH.”

Guy also said that ETH’s price may recoil in the short-term after its rally as investors decide to sell the news in order to focus on the next two upgrades.

“There may be a short-term retracement though as people sell the news on the event they’ll be focusing their attention on. The next upgrade, which will allow the staked ETH to be withdrawn and the upgrade after that, which will bring sharding to the network.”

Regarding ETH’s price today, at the moment of writing this article, ETH is trading in the red and the coin is priced at $1,490.

Other than this, it’s been revealed the fact that a closely tracked crypto trader says there are two key factors powering the current rally in the cryptocurrency markets. Check out our previous article for more details.