The ETH price moved up when the new date for the final transition of the entire system to the Proof-of-Stake consensus algorithm was claimed – September 19, 2022.
On the announcement day, the ETH rate crossed the level of $1500.
The previous forecast for transition to PoS was August
However, as things in the crypto market have gotten complicated lately, the delay is not significant.
Considering the history of postpones of Ethereum 2.0, this month’s delay does not really matter.
Of course, it does not mean the transition will necessarily happen in September; there might be delays again. The exact date will be known after Goerli testnet transition to PoS.
It’s quite logical to expect the ETH price growth as more news on the transition to Ethereum 2.0 emerges in the media.
