'Merge' rally pushes Ethereum almost to $1,400

<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
Quick Take
- Ether was trading up about 10% this morning
- The bullish momentum spilled over from Friday after an Ethereum dev release a timeline for the long-awaited “merge.”
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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.

