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ETH Price Set to Break Out After Consolidation, Bulls in Control? -Breaking

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© Reuters ETH Price Set to Break Out After Consolidation, Bulls in Control?
    • It is possible that the fork will be delayed.
    • Vitalik Buterin hopes to close the deal in August.
    • According to analysts, the Ethereum price might rise up to $2800

Vitalik Buterin (co-founder of Ethereum) warned that changes in the plan could lead to delays. It is now likely that the hugely complex bomb will be put on hold, which could cause further delays. By August 2022, Buterin’s new road map indicates that he will have finished the merge.

Buterin stated that the Ethereum Merge might take place at the Shanghai Web 3.0 Developer Summit in August 2022. Vitalik Buterin feels confident that the Proof-of-Stake (PoS), switching will occur on time. He did warn that the launch could be delayed if there are any problems with the implementation of the testnet.

If developers find issues or problems, the Ethereum Merge could be delayed. Buterin said that the delay could push the Merge back until September 2022 or October 2022. For those who are concerned, this news is a welcome relief.

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