ETH Hits $2,000

The recent rally in equities and cryptocurrencies has shown a few strong weeks, but can this continue? Bitcoin and Ethereum prices have jumped to level not seen in months. Ethereum briefly crossed the $2,000 mark and Bitcoin $25,000.

Ethereum has outperformed Bitcoin by jumping over 100% off its lows. A lot of investors have taken on more risk moving into alternative cryptocurrencies. We can see recently how big of an outperformance it has had. 

The Merge is projected to occur around September 15th which has many investors and traders eagerly waiting for the outcome. The upgrade will bring several big changes including: 

• Reduction of ETH mined everyday

• Change consensus from Proof-of-Work to a Proof-of-Stake

• Reduce mining energy consumption by more than 99%

The next few months and years will be pivotal for wide scale adoption of cryptocurrencies and blockchain, but there are still many uncertainties looming around.

Will the merge have a positive or negative impact on price? Could the government be waiting to slap down regulations after the merge occurs?