Buy the Rumor, Sell the News: Why Ethereum's Merge Presents a Buying Opportunity
One of the most important events in crypto history looks to be all but set in stone. Ethereum (CRYPTO: ETH) developers successfully merged the Goerli testnet, the third and final testnet to be rehearsed before the actual Merge goes into effect. Testnets are like a trial run or test drive to ensure that any issues that might arise with the actual Merge can be addressed now rather than later.
With the success of Goerli, it seems that all that's left before The Merge goes live comes down to crossing some t's and dotting some i's. Developers, investors, and most of the crypto world now have their eyes set on Sept. 19, the date when Ethereum will move to a proof-of-stake consensus mechanism.
The news has been received well by investors. Since the news dropped Wednesday night, Ethereum is up roughly 14%. But could this be a buy the rumor, sell the news type of event?
Source Fool.com
