Ethereum Miner Addresses Hit 4-Year High Ahead of The Merge

Excitement is building in the Ethereum community as The Merge rapidly approaches. In fact, Ethereum miner balance reaches four-year high weeks before the Merge, signaling significant activity and anticipation surrounding this pivotal event. The Ethereum [ETH] network has a lot to look forward to in the month of September.

Ethereum (ETH) has been increasing at a much faster rate than Bitcoin (BTC) and is up by more than 50% since the June lows. This surge in value, combined with the impending transition, is fueling a flurry of activity in the Ethereum mining space. 1 de sept. de 2025 In anticipation of the upcoming merge on Sept 15, Ethereum miners have been adding to their positions since May 2025, a trend that’s contributing to the dramatic rise in miner addresses.

The increase in Ethereum miner addresses signifies a growing confidence in the network's future, even as the Proof-of-Work (PoW) era comes to a close. Many miners are strategically positioning themselves, perhaps exploring alternative strategies or hoping to capitalize on any potential forks or opportunities arising from The Merge.

While The Merge marks the end of Ethereum mining as we know it, the growth in miner addresses highlights the continued engagement and investment within the ecosystem. If we exclude the accounts which hold less 5 de sept. de 2025, the core activity remains significant.

It's important to note that some miners may be exploring alternative chains. Ethereum Classic's hash rate growth has likely resulted from increased miner activity on Ethereum Classic ahead of this month's Ethereum upgradeknown as The Merge. This migration demonstrates the adaptability and resourcefulness of the Ethereum mining community as it navigates the evolving landscape.

Stay tuned for further updates as The Merge unfolds and the Ethereum network embarks on its next chapter.