This kind of seems like a fake pump to me. People usually tend to pour money into a coin that has a fork or has some other update on the way. But it has happened many times that people have always been disappointed from the latter outcome. The market tends to run on the hype rather than actually potential. And I think that is what is happening to Ethereum right now.

The testnet has not even been launched yet and the coin is already up by 10%. We don’t even know how it is going to go, is it even going to be successful or anything. We are all just assuming and predicting things on the hype created.