The price of Ether was trading in the green this morning, continuing a rally that kicked off after the release of a soft timeline for the underlying Ethereum blockchain’s transition to proof-of-stake from proof-of-work.
At last check, the price of Ether was trading up about 10% at $1,351, according to data from TradingView.
On Friday, Ethereum Foundation’s Tim Beiko projected that the so-called merge — the transition to proof-of-stake — may take place in mid-September. The September projection was one of the updates from a developers’ call focusing on the merge, which would alter the crypto’s consensus mechanism.
That timeline is subject to change.
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