Ether (ETH) has appreciated from $1500 to $1720 in the past few days. Buyers have been targeting the altcoin on the eve of an important event – the Merge fork.
The network’s software update will take place on September 14-15. Experts such as Arthur Hayes, for example, believe that Merge will be one of the main triggers of turbulence in the cryptosphere.
The inflow of capital to the industry should intensify, which will have a positive effect on ether and other digital currencies. A strong support zone for ETH has formed in the range of $1614 to $1679.