ETH/BTC printed a YTD HIGH, what happened?

Ethereum gained 15.6% against BTC since the start of September and is up 6% for the day.

The ETH-BTC chart hit 0.084 BTC for the first time since December 2021 after falling to 0.049 BTC earlier this year.

ETH/BTC chart nearing December highs

The Bellatrix hard fork went live today, and it going off without any setbacks gave ETH a little booty smack that caused a pump (Buying the news, are we?), why? well...

You see, the merge is a two-phase event. The first event was this Bellatrix network upgrade on the consensus layer, it was triggered by an epoch height.

Once the execution layer reaches or exceeds the specific total difficulty threshold, the second and final phase of the merge will be triggered in what's called the Paris event. This is forecasted to finally come to be between days 13-15 of this month.

So yeah, people are getting ready for the merge finally happenning, something a lot of us folk have been looking after for a few years now despite being met with delay after delay.

By now 73% of Ethereum nodes have completed the mandated upgrade and are designated as “merge ready”, what could happen whenver Paris goes live and Ethereum finally achieves a PoS consensus? Drop your guesses in the comments!!! You know how we roll, we love to speculate!