The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the “merge” on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake (POS).

Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, the price of Ether has climbed 25% from $2,500 to a daily high at $3,193 on March 25 as traders look to lock in their positions ahead of the merge.

ETH/USDT 1-day chart. Source: TradingView
ETH/USDT 1-day chart. Source: Twitter (NYSE:)