This is last chance to update your clients ahead of Merge
The Ethereum network will undergo a significant Bellatrix update, which is the only milestone left before the merge update. Therefore users should not ignore the warning issued by Vitalik Buterin And about updating other Ethereum Developers customers.
The warning mostly applies to Ethereum validators rather than regular users. If you are staking Ether on the Beacon chain, you should immediately update your client, since you will not be able to participate in staking on the outdated version.
Bellatrix will be activated in the beacon chain epoch 144896, appearing on the chain at 11:34:47 UTC. The merge update will still go live around September 13th, and the Beacon Chain update does not affect the expected date.
If node operators do not run execution and consensus layer clients on newer releases, they will lose their place on the network and will not be eligible for a transition. Validators should also avoid running a majority client.
Ethereum is still offering a significant reward to developers and white hat hackers for finding some critical bugs that directly affect the stability and security of the network.
Ethereum is not yet reacting to update
Although the network is extremely close to the Merge update, ETH itself does not seem to show any reaction to the market. The price of the second biggest cryptocurrency is mostly following market trends.
But at the same time, Ethereum was able to successfully bounce off the local support and even broke the local resistance level of the 50-day EMA. Most of the industry experts are of the view that the market may see a short-term rally before the merger followed by a minor correction.
