Ethereum's native token was up by around 6.3% on Thursday afternoon, as its price rose above $1,700.
The coin was trading at around $1,720 at the time of publication, according to TradingView.
Just yesterday, the network's developers announced that the Goerli testnet merger will happen early next month, starting with Bellatrix, the Prater upgrade "readying it for The Merge."
Ether hit a peak of around $4,800 in November of last year. Although its value has decreased significantly since, it has also risen by about 57% just in the past two weeks.
The Lido DAO token — part of the protocol that lets users earn a yield on staked tokens like ether — was up by roughly 24.5%.
Cryptocurrencies in general jumped on Thursday by around 4.2%, with the crypto market cap reaching $1.08 trillion at one point.
Bitcoin prices went up by 4.3%, with the coin temporarily rising above $24,000.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.