Ethereum [ETH] and what’s to come with the ‘Merge’s’ first testnet run underway

Ethereum developers have successfully merged the veteran Ropsten testnet with their Beacon chain. This is one of the final steps before the final mainnet transition, scheduled for August. In other news, whale activity is indicating a change in price for Ethereum investors.

coming soon…

major ethereum whisperer gratification Updates On Ropsten Merge on his Twitter feed. With the latest testnet merge, the mainnet transition is now only a few steps away.

Developers will continuously investigate bugs on Ropsten Merge. With this being the first testnet to be merged, the bug was expected from the Ethereum team. Paritosh reported this in one of his Tweets But assured the customers that they would be fixed soon.

“Some clients timeout when creating pairs of blocks and offer with 0 transactions in them. This will affect the throughput of the chain. We also saw this in shadow forks! Incoming fix!

Ethereum Core developer Tim Biko told CNBC about the landmark merge and what to expect next. Two more testnets, called Goerly and Cepolia, will now undergo the same merge prior to the mainnet transition.

“We are looking for less friction each time. Hopefully, the minor problems we saw today will be resolved by the time we upgrade to the next testnet,” he said.

What’s more?

There is even more good news for the Ethereum community according to the latest sentiment Tweet, The top 10 Ethereum non-exchange whales maintain a high proportion of ETH owned by the top 10 non-exchange whales.

Source: Sentiment/Twitter

The ratio stands at 3.4x, which is great news for investors with their whales still believing in a price reversal. The news has increased investor confidence in the asset as whale movements typically determine price action in the major cryptocurrencies.

As ETH is currently trading below $1,800, accumulation could be difficult for investors considering the recent decline. This also explains the 35% drop in volumes in the past days.