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The Ethereum Merge Is the Main Contributor to July Rebound: JPMorgan

Press Release by Press Release
August 8, 2022
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Ether Breaks $1.6K on Merge Hype; Crypto Funds Price In July Rate Hike
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After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work system to a proof-of-stake consensus mechanism, ether’s price jumped 70% in July. It is currently trading at about $1,780. As comparison, bitcoin (BTC) rose 27% in July, while SOL, the token of the Solana system, gained 38%.



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Tags: ContributorEthereumJPMorganJulyMainMergeRebound
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