3 Signs Ethereum Price Is On Track Towards $2.5,000 By September

A large number of Ether's technical and fundamental indicators support a push towards $2,500 by September.

Ethereum's native asset, Ether (ETH), has more than doubled in value since hitting a low of around $885 in June 2022. Now it's eyeing a decisive move towards $2,500 in August according to a multitude of technical and fundamental indicators. Splitting the Ethereum Chain Means More Tokens

Much of Ether's ongoing rally has arisen due to the merger, a network upgrade that will take Ethereum's underlying blockchain protocol from proof-of-work (PoW) to Proof of Stake (PoS) in September.

At the same time, the move to PoS will also eliminate the role of miners in the chain by replacing them with validators. This fear prompted Chandler Guo, a Chinese crypto miner, to resist the merger by keeping the PoW version of Ethereum alive.

A chain split is therefore possible. Guo has already branded his version of the Ethereum PoW chain as ETHPoW, alongside his native token ETHW. Additionally, some crypto exchanges have already listed the token for trading, with even Binance planning to do the same, if needed.

The Ethereum merger is coming.

Here's what you need to know if you hold $ETH on #Binance:

Binance will support “The Merge”. In case of newly created tokens, we will evaluate and consider support for distribution and withdrawal.

See details ⤵️https://t.co/iuQSsXZ7fk

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