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 to a proof-of-stake consensus mechanism, ether jumped 70% in July, currently trading at about $1,780. As comparison, Bitcoin rose 27% in July, while Solana gained 38%.
The Ethereum Merge is Main Contributor to July Rebound: JPMorgan
