The second-largest cryptocurrency by market capitalization continued a two-month surge to crack $1,900 for the first time since late May. Ether was recently trading at about $1,850, about flat over the previous 24 hours as investors continued an early celebration of the Merge, which will shift the Ethereum protocol from a proof-of-work to less energy-sapping, more environmentally friendly proof-of-stake protocol. The token price has jumped more than 85% since dipping below $1,000 in mid-June.
Source: https://www.coindesk.com/markets/2022/08/12/first-mover-asia-solana-market-shrugs-off-tvl-fakery-with-price-rebound-ether-climbs-on-merge-anticipation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines