Investors held a higher percentage of ether and ether-linked products at the end of last week than at any time since May.
Buterin said the London hard fork paves the way for ethereum's transition to a proof-of-stake system, which would lower its carbon emissions by 99%.
The amount of ether being burned has gone up considerably and ether is being burnt at an epic rate since the upgrade launched.
A major change to the ethereum network will start to destroy ether coins, which could drive up the price.
Like many exchanges, Bitstamp has added ether staking to its platform as excitement builds around the ethereum 2.0 network upgrades.
The ethereum network's upcoming changes have excited many investors, who think they could boost the ether price.
Changes to the ethereum network which will start to destroy tokens are an exciting development for investors, investment bank Saxo said.
Users are putting forward "stakes" of ether to gain the right to validate transactions on the ethereum 2.0 network and earn more coins.
Ethereum overtook bitcoin in the number of active addresses on its network on Friday, a sign that demand is faltering.
Coinbase could potentially earn around $500 million a year in revenues from staking by the end of 2025, JPMorgan analysts said.
China's crackdown on crypto mining has dented ethereum's hashrate, which has fallen at its fastest pace on record in the last month, since May.
European drivers of electric vehicles can now pay to recharge their cars using cryptocurrencies, following a tie-up between fintech platforms.
Ethereum's price rose roughly 40% to briefly pass $2,500 per coin on Monday in a reprieve for the cryptocurrency after a tumultuous week.
The Ethereum network is rapidly drawing in new investors, but major changes are coming to the system.
Coindesk's managing director of research said anticipation of a network upgrade and a better understanding of Ethereum's role in DeFi is propelling Ether's latest rally.
Dallas Mavericks owner Mark Cuban said the Ethereum network upgrades should make it more eco-friendly and usable.