Regarding to the launch of deposit contract announcement of ETH on 4 Nov 2020, the transition to the ETH 2.0. It said that the Proof of Stake (PoS) first block called Beacon Chain will be conducted by 1 Dec 2020. But this can be happened when at least 16,384 validators make the 32-ETH/validator deposits 7 days prior to the 1 December 2020. This means 524,288 ETH by 16,384 validators must be reached to start this transition.

Let's see current update and my opinion of possibility. As of the report by ETH, the only 50,337 ETH already staked and counting by 10 Nov 2020. This means the network requires more 473,951 ETH to go until the launch threshold. It's now only 10% of the stake moved to the new network , and more 90 % to go.

It's less than a month to complete the rest of 90% into the network. Last week , validators drove 10% of the threshold amount, looking and thinking statistically and logically, maximum of 50% threshold amount only would be reached, the rest of days are not much enough to launch the Beacon chain. The reason for 10% moving rate maybe caused by the future of APR (Annual Percentage Rate) of the returns or the trust of new network to the investors.

This is only my opinion, the situation may be vary , depend on factors. It's hard to be ready by the 1 Dec 2020 regarding to current progress rate. We maybe encounter with the postpone. However, we maybe see the transition of the ETH on time if days after this the storms of ETH are added to the network. Let's keep monitor.

Don't worry, it's said , if not the 1 December 2020, it will be triggered 7 days after this threshold has been met. So, now soon we will see the transition of the ETH.