In a slow week for the price of Ethereum, news was easy to come by as a series of announcements – large and small – from the likes of Fidelity Investments, Samsung, Thomson Reuters and EY gave insight into just how far this market has come.

The price of Ethereum rallied to a high of $197.99 last week in the lead up to the Devcon V conference in Osaka, Japan. Ethereum performed strongest against BTC, which saw the ETH/BTC market pair set a 1 month high of 0.023129. While the rally against USD was short lived, Ether’s performance against BTC firm, making distance on its 1 year low of 0.016080.

Devcon V, the largest developer conference in the industry, starts tomorrow and runs until October 11th. The conference, which is setup by the Ethereum Foundation and entirely dedicated to the Ethereum blockchain, will have a major focus on ETH 2 during its 4 days in Osaka, Japan. Anticipation is building for more details regarding the Beacon Chain deposit contract which is tipped to go live in a matter of weeks.

Fear and concern once again swept the cryptocurrency markets last week when the price of ETH/USD inexplicably plummeted from $189.33 to $165.12 (12.7%) within a one hour period, closing the day with the steepest 24 hour decline since early 2018.

The upcoming Istanbul hard fork could include a chain splitting EIP which introduces Programmatic Proof of Work – a change to Ethereum that would “close the efficiency gap” between GPU and ASIC mining.