ETH - Will an Upcoming Tech Upgrade Send Ethereum Soaring?
2023-07-16 06:15:00 ET
Currently trading at a price of around $1,900, Ethereum (CRYPTO: ETH) is looking for its next big catalyst. While Ethereum is up by more than 60% year to date, it's still down significantly from the all-time high of $4,891.70 that it hit nearly two years ago. So it has plenty of potential upside.
That next big catalyst could be a blockchain upgrade that's tentatively scheduled to take place before the end of the year. In mid-2022, The Merge galvanized investors, and the crypto at one point rose 85% from the end of June to mid-August just before the upgrade took place in September. (The gain, of course, didn't last amid the brutal crypto winter.)
Could this pending upgrade have a similarly positive impact?
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Will an Upcoming Tech Upgrade Send Ethereum Soaring?