Continuing its preparations for Merge, which will take place next month, the price of Ethereum (ETH) has increased by more than 13 percent in the last 24 hours.
Work continues for the Ethereum Merge, which is expected to take place in September. Yesterday, with the release of the US July 2022 inflation data and the realization of the Goerli test, the Ethereum price started to rise even more.
Ethereum Price Rises After Goerli Test
Merge with Ethereum’s mainnet, Proof of Stake Beacon Chain, is scheduled to happen next month. This process began with the completion of the first testnet Ropsten merger in early June. At the beginning of July, the second testnet was migrated to Sepolia. Finally, Goerli, the last work before Ethereum Merge, has been left behind.
The returns of the updates and the US inflation data announced yesterday were reflected in Ethereum as an increase. While Ropsten, Sepolia and Goerli increased confidence in Ethereum, inflation data announced below expectations also affected the rise. According to CoinGecko data, the Ethereum (ETH) price has increased by more than 13 percent in the last 24 hours of these events.
ETH price as of the time of writing:
26201
