Reportedly, Ethereum ($ETH) whales have started accumulating more, as its price rose over 45% in the last seven days. This price spike is majorly due to the upcoming Merge. The Ethereum Merge describes the network’s current mainnet merging with the Beacon Chain’s Proof-of-Stake system, setting the stage for future scaling upgrades, including sharding. This upgradation is expected to reduce Ethereum’s energy consumption by 99.95%.