Bitcoin Forum

Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Original source:

https://twitter.com/thetokenist/status/1580532690360872961

https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/

It's because of the trend.

Bitcoin is still the reason why it hasn't move that much even after the merge and from being pow to pos. And as the CPI report has came out, there's still another reason why it wouldn't go up.

Well, it's going to be a matter of time again until we see it move. This verifies that we're in a bear market and it could stay in there for quite a while.

there are many reasons why Ethereum continues to decline, the first is the Ethereum Merge has finished and made the Hype disappear,
because many traders only care about that, the second we are in a bear market, meaning that the Bitcoin price is falling makes Ethereum also go down,
and the third is indeed according to chart analysis, the price of Ethereum is certain to continue to fall.

According to May analysts, the price of bitcoin fell by 71.6% from the all-time high, and the price of ethereum fell by 73.4% from the all-time high. And the price reduction for other coins approached 90% or more. The price of Ethereum holds up very well relative to many other coins.

We are still in the bear market so you shouldn't expect any significant increment with any major cryptocurrency for the now. If it if it really is your choice of coins to hold on just keep holding with some expectations of things to get better but generally it has been said that due to the transition in ethereum from POW to POS, the prices may not go so high anymore.

Bitcoin is the king of the cryptocurrency, and it controls the market, every other single project in the market relies on the direction of bitcoin to make a decision. Should bitcoin starts going haywire, every other projects will receive life.  Another thing about ETH price is the switch from POW to POS, resulting in a fork which think they should retain POW.

we are currently in an unstable market condition and the prices of other altcoins are also declining, so it's not only ethereum that is experiencing price drops even though the merger process was completed some time ago. but that doesn't mean it doesn't have any after effects. but you have to understand the current conditions or trends. so you can find the answer why the price of ethereum is not increasing.

As ETH is also following the market trend of BTC, expect that it won't fly high anytime soon.
But as BTC starts to pump up again, more than likely, ETH will follow thru.
The good thing about ETH is this network is not just a crappy project but has a solid foundation that won't disappear when you wake up.
It may be down today, but the likelihood of recovering is very high, unlike those meme tokens or other pump and dump projects.

Because that's the trend right now. And rightly here you were told that this is not one reason, but there are many of them at the moment. But I think that this will change in the future, I can't say exactly when, but maybe very soon.

Don't know if someone has told you this but it does not take only the supply chain to increase before and increase in price it works side by side with the demand. Although like you I am surprised that Ethereum has not given us a significant rise even after the merger and other things that happened to Ethereum recently.

Ethereum is one of my favorites coins and if I were to get interested in Altcoin Ethereum would be my next option. The usage of this coin remains actively continuously making it a long term successful coin.

The supply might become lower but if there’s no demand for that, you can’t expect for the price to go up. Probably people are into Bitcoin right now or they hold more stablecoins for now waiting for the right moment to buy more cheaper ETH, and because of the market trend this is a best way to be more safe. The trend influence the whole market, we can’t expect ETH to pump while others are dumping, ETH also rely with the trend of BTC no matter how good the news is.

The simple explanation is that we are in the bear market, and with that, there are more sellers vs buyers. And even if there is hype around the merging and supply is dwindling, there is not that much demand in the market.

And to be fair, it's not that ETH that keeps decreasing, majority of the altcoin market is suffering from -70% to -90% down from their all time high. Which mean it is cheap so take advantage of the situation and accumulate cheap altcoins right now.

The ETH market is dictated by supply and demand.  At the current market trend, the supply exceeds the demand, one of the reasons why the price of ETH keeps on decreasing.  Aside from that, the previous merge hype also has something to do about it.  We all know that the whole cryptocurrency market is at a bear trend but ETH rallies due to the hype of merge and now that the market is back to normal, the market of ETH goes back to normal and since ETH was overbought, it tends to have a correction.  Aside from that, many thinks that due to the minting of ETH become cheaper, the market will also adjust according to the needed fund to mint/mine ETH.

It is obvious that we are in bear sentiments isn't it?

So there is no amount of hype that can make a token rise in this cycle right now, not even Bitcoin and Ethereum. If there is, expect that it is just pure pump and dump.

Yes, it's good Ethereum supply is getting limited, but if there are non buyers, this news will not affect it's price and it boils down that investors are not willing to buy because of the negative sentiments.

I guess it was caused by the second layer smart contract that was already eating big shares of eth markets all in all, even after the merge, eth value still isn't moving, it's still stuck, the demand for eth decreases because there are many 2nd layer solutions that's just better than eth in general, moreover their gas fee are significantly lesser than eth, no reason coming back to eth again therefore eth lacking demands, I think that's the reasoning.

Well to be honest i also have a hard time to understand why the longterm trend of ETH is downwards in the last few months even though you should think that it would be the other way around because now Ethereum is deflationary and you would think that the FOMO should now kick in slowly but surely. I would guess that the fact that it becomes deflationary was already priced in during the last bullrun when it became public that ETH would switch to PoS and that it would become deflationary with that move. Now that fact is very old news already and not a lot of people are buying because of that fact anymore.

According to my Openion the point is we are now confused as ETH was Diflationary coin before the merge but for now the ETH seems to be and inflationary coin that can be a reason for your question. As i am not sure about it still that what i think. The whole market is going through the captulation and so far ETH too. So don't worry lets see what happens in the Bull run.

bearish trend still give bigger influence to crypto market ,and maybe ethereum investors now taking profits after eth hype gone when POS migration done. Its market psychology that need to explore , fundamental sometime didnt work in hard bearish trend. I Saw some strong altcoin with recently released main fundamental but market said it just temporary work.look at RSR mainnet live now but price keep declining.

ETH is actually experiencing the same situation as other altcoins during this bearish era. Many altcoins cannot pump, except the new coin or token listed by the new projects, some of them have high pump but after that? they are also falling down. SO, we cannot see Ethereum to be fall down was only in one opinion.
During this bearish, many altcoins including ETH is struggling how they can be stringer every time, to be far away from the bottom, and keep increasing. But the market is always unpredictable and FUD is always spreading. Just be patient and wait for the bullish coming.

This doesn't seem to be happening now, last month it was like that, and the year before that it was like that too. There are many factors that come into play in predicting how well an asset will perform in the ETH market.

I think, for this case there was a previous dip in the market when the ICO was cashed out and it didn't make any real impact on the ETH price.

Another reason why the price of Ethereum is not rising despite the reduced supply is that demand is relatively stable. It's just that there isn't a strong enough market for ETH to push the price up at the moment.

not just eth but the bitcoin too, the world economy right now is not at the good shape and it have impacted to crypto aswell. and after merge the eth doesnt make the price move up in fact i just lose on eth when i long in binance futures but the price is keep going down  :D

From what we can see in the cryptocurrency space, the decreasing price is not only affecting ethereum but almost all the projects in the market. Bitcoin is not left out as the value has been on a down trend for a while now.
No doubt, ethereum was expected to pump following the completion of the merge, but I guess the market forces tied to Bitcoin is strong.

Markets have inertia, just because a good news comes up this is not going to change the way people feel about an asset or a whole market in an immediate way.

So this is a process which takes time and you will need to wait for the positive news of the ethereum network to be reflected in its price, how long should you wait? At least a few years if you ask me, as there are many indicators which point out to the markets being in a bad shape and we do not know when things will improve.

People forgot that we are in a bear market. They did not realize that if The Merge is something too big and can have instant effect on Ethereum network, transaction fee, for users and developers, it should not be released in bear market.

If they understands it, they should not get greedy to much with The Merge. Because lot of works and upgrades must be done after The Merge. So next bull run, we will likely have them from Ethereum team, not in this bear market.

I believe that they are working to release it in next bull market, in either 2024 or 2025. I believe Ethereum can touch $20,000 in 2024 or 2025 with such upgrades.

In bear, coins keep decreasing no matter how good the circumstance may be, and in bull even an ama news would shoot coin up through sky   :P

Since Bitcoin price is still low in this bear season other coins price will be low too, because Bitcoin still remain the king among other cryptocurrencies, whenever Bitcoin price is increasing in the market, Ethereum price will be increasing too. I guess, Ethereum team are seriously working to ensure Ethereum price increase higher before the end of this year for both long term traders and short term traders to believe that Ethereum still remain in second position among cryptocurrencies.

Being speculative, this is how the market used to move. The market sentiment for ethereum over the last thirty days seems to be on the declining side. There is small bounce in the market over the last 24 hrs and this has made ethereum go $1300+ in price. Parallel to the same there is more bearish moves incoming over the next five days based on prediction from experts. This will set the price between $1050-$1100. Everything is based on the ongoing market trend.

Yes, we know that the market is still bearish, plus the global economic condition is not doing well and this indirectly affects the crypto market as well.
merging Ethereum does not mean making its price automatically go up,
maybe when the Ethereum bulls will rise, we'll see in the future

The hype is over about the Merge, expect a correction in the Ethereum market.
Now, if there will be a reason why it should increase again I think it's because of the good news about the staking process. The number of profits that will be shared by those who bought 32 Ethereum or more as a validator.
Right now, it's a good thing that it's going down for those looking for an entry point and wanting to join in. This could be their chance to reach the minimum amount to stake at home.

Staking on Ethereum seems to have to have a large capital to get a good profit,
especially at this time the very expensive price of Ethereum makes it difficult for people to buy just 1 ETH.
moreover to become a validator is also not easy, Ethereum Merge will only have a bad impact on Ethereum I think.

All because bitcoin can affect all coins, and bitcoin and cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events and so on.
However, if analyzed in a broader time frame, it turns out that the price of most cryptocurrencies especially ethereum can be very dependent on bitcoin price movements.
and even if ethereum or any other coin increases, it won't take long, it will eventually fall back down as long as the bitcoin price goes down.

Everything happens logically: the entire cryptocurrency market continues to fall in price, so ethereum also falls in price. In addition, the update of the ethereum network has not yet been fully completed. Yes, and everything needs to be rubbed and subsided. Therefore, you need to wait until the market starts to recover. Ethereum will still show a good price growth rate. This is one of the most promising for the growth of cryptocurrencies. Everything has its time.

Because it's in a bearish trend right now and fundamentally the market is extremely weak. ETH suffered some turmoil in September after the move to PoS. The coin lost over $50 billion in capitalization. ETH was growing till mid September only due to speculations from those who expected ETH to grow fast and make fast money on the price difference. After the merger happened, all those speculators left the market in a hurry. Now we shouldn't expect anything supernatural from ETH.

Well there is no accurate answers as to why Ethereum price keeps decreasing but I can say too many activities are been carried out on Ethereum of recent.

From the merger to now thousands of Ethereum burned all of this can have its short term effects which is what we are seeing right now on Ethereum. But if I were to be a holder I won't panic because the long term situation of Ethereum is looking bullish.

Raising the price of ETH is not the responsibility of the team. Since the main task of recent years has been implemented and the Ethereum merger took place last month, the team sets itself the next tasks related to increasing the Ethereum bandwidth and reducing network fees.

Zoom out and look at the chart. Look at the price before the merge and after the merge. Before the merge, people kept on buying the coin with the hope of making some quick profit. This made the price go up a lot within short period of time. As soon as the merge took place, those who bought early, started to sell their ETH to take all the profits. Hence the price of ETH started to fall and a correction took place.
It did move a lot after the merge. But in the opposite direction.

And because btc is still in the seemingly bearish position, eth can't continuously increase its price also.
Remember, even eth market is also following the trend of btc up until now.
So the eth's price won't skyrocket its price as most holders are expecting after the merge.
Maybe, once btc is out of the 20k level and starts going up, ETH should follow thru the trend.
But in my opinion, eth holders should not panic or worry, because eth is one of the valuable projects in this market.
They may not see the increase today, but definitely, it won't disappear and it is only keeping up with the btc market performance.

When the bear market does not support price increases, ethereum marge and even Constantinople also do not experience price increases as expected, then we must take advantage of current conditions to increase our portfolio assets because ETH coins are very potential for long-term investment, we only need to wait a few months for the phase recovery and will be ready to enter a new bullish phase.

What goes up must come down. It's been pumped prior to the merge so it's only a natural thing to slow down after it happened. Another thing is that the global market is down and it affects almost everything. Have you seen how traditional investments and bitcoin reacted to the latest CPI report?

Ethereum marge have completed on not the right moment trough bear market and Bitcoin price still drop and Ethereum have allowed with Bitcoin price keep going drop. Current condition market not support with Ethereum although have success merge and keep not effect to make price keep going up. Have difference reality and price if Ethereum merge considering Bitcoin at higher price and market condition support make ethereum reach higher price.

Another failure why Ethereum still down although have merge because CPI update not give positive side, last time update from CPI all market have bearish and Bitcoin drop drastically almost at $18,000 before last days going up to $19,000 and Ethereum down under $1,200.

That's just one of the signs that you're in a bear market, during this times nothing matters. Even the goodnews that were might the pump your project gives the opposite result. Everyone is scared and are pulling their money out daily because the market keep dipping. When you'll start benefiting from all the development that came to your project in the near market is when the bulls are back. Every goodnews in this time of the market is seen as an opportunity to pull some money out which is why even when a coins wants to pump, it can't keep up the strength as the amount of money leaving the project is more than coming in.
Ethereum is a good project so the short term price decrease shoudn't scare you as in the long run you'll stand to benefit from investing in it. After Bitcoin, Ethereum is the only other project that one can trust in as it's the backbone of other tokens as they rely on her blockchain to function.

Mainly it got overhyped and overpriced from The Merge event. ETH went as low as $800 back when BTC was @$17k and came back to double of that $800 once The Merge come near. You had to see how much it was increased compared to BTC or other alts to know why its price decreased so much and it'll keep on the decline. Yes, the Merge gave it a strong push and now it has to come back to around sub $1000 after it ended. Maybe a bit more since the PoW miners can't issue ETH anymore but that's it. Not to mention about recession loom large which alts usually bleed harder than BTC.

I think it's only natural that the price of Ethereum coin does not increase in price even though it has recently reduced supply because at this time we are still in a bear market which makes many investors panic in the market and they decide not to rush to invest their funds in times like this , so it's not surprising to see when the bear market comes, many coins experience a decline in price even though basically these coins are very promising for the long term.

What you have missed is that you never check the status of the market. We're in the bear season, all crypto prices went down and even Bitcoin has no excuse. You never be surprised and ask yourselves why because at the moment that Bitcoin will dump, ETH and the rest of crypto followed. Well, I'm not sure if you often check the market chart or in https://coinmarketcap.com/ as certainly you will see what really happens now. In fact, the dump started in the first quarter of this year, perhaps you can see on the marker history.

don't we all know that we are in a bear market and keep trying to make the crypto market recover, no new money is coming into crypto and maybe not many new investors are coming to invest here, that's why the price of ETH is not going up as well as bitcoin with mining block reward income is low but the price remains in the $20k area which in my opinion is still fairly cheap, everyone is just speculating and analyzing from what you read out there but keep in mind that we need more time to recover this crypto market, about 1 or 2 more years so buy it now while it's cheap

In my experience ETH price will be decrease due to bearish market. Crypto Market dump continue from previous month. So the price of Bitcoin will also be dump. I think almost all altcoins will follow the price of BTC. So ETH price will be decrease due BTC is dump.

Indeed when Bitcoin goes down it will be followed by other altcoins although not all of them,
regardless that the price is going down i am not too worried and panic about it because if we are like that then we can make wrong decisions and cost us,
keep calm and take advantage of the moment to buy

There are a lot of reasons why the value of ETH is plummeting, it could be the latest updates recently about the merge or going along with the value of BTC. The only good thing that we are on a bear market, we can hoard more altcoins and BTC while the value is really on the dip.

It would be much better to only check for the real news not the FUD one before making any move regarding the market, or with your instinct if you think the market will go up or down.

The bear market still haunts all crypto markets, plus the world economy is getting worse, not to mention the inflation that has occurred in the past few months even today, the impact of the war between Russia and Ukraine continues, so that's why all the world economy and the crypto economy too affected by the recession that is happening all over the world, the thing to do is survive this recession, if you have money then it is very good for us to buy it when prices fall, so that we are not affected by the global recession that we are feeling today...

One of the great things about this market is that we could see a recovery whether the economy recovers or it begins to do even worse.

It is easy to see how this would be the case when the economy recovers as people will be more willing to take risks and invest once again in this market, but even if the economy began to go down this market still has a chance of doing great, as during those circumstances many people will lose faith on the ability of the governments of solving the crisis and they will see in this market a bunch of assets that are not completely controlled by the governments and that will make them attractive at the time.

Just like what I have assessed, ETH's merge news will only increase the price temporarily before it got corrected once again. As what others have mentioned here, the crypto market seems to be quiet due to the ongoing bearish trend.

Right now we are sitting between $1,200+ to $1,300+ on ETH price. As long there is nothing new that would definitely hype the entire crypto market, expect that this would be a very long bear market.

I don't think even with that, the Ethereum price will suddenly go against the market trend. The general market sentiment is in a bear trajectory now and the Ethereum price will follow the same pattern.


Are you saying that Eth merge was the reason the general market pumped a bit last month taking BTC and other major Alts along with it?
Just look at the price chart between July 12, to Aug 16 2022 which I believe you are referring to, the effect of the ETh marge couldn't have affected every major crypto in that same time period upward before it dropped again. I still say it was the general market trend and not the marge effect but I think the ETH price might have a good boost when the market trend changes, (Next Bull market.)   

Nah, I don't think the merge has made a noticeable effect on ETH price. It seems like there are no good improvements/innovation that could be impactful enough to change the course of the whole crypto market these days, especially during the surging inflation and economic problem that we're currently facing globally.

It would be most likely that the crypto market would recover late in 2023 or early 2024 or even after the Bitcoin halving.

The dump in inevitable, no one knows about it until it comes. Like we expect a price rally after the merge but too unfortunate the it works in an opposite way making a lot of people waiting become disappointed. Though I understand their feellings, however, we can't blame the market and even the merge bcause there are a lot of factors affecting the price. Remember that we are in bear season, we have not expect such a rally but obviously a dip. Might say the merge is in imperfect timing and this is how it looks like after.

Stock market was dropping, bitcoin was also doing the same thing like stock market and then altcoin coins were following the bitcoin and stock market. This is how economic works. The only problem is if there's no ETA for when that gonna happen. I meant look at the face in the market.
It seems like that if there are so many uncertainties for now. This can he true consider from what happened with btc now.

Not almost, all altcoins drops when Bitcoin does drop in price. Some gets the effects immediately while others take sometimes but provided Bitcoin isn't having a good time so do other projects. This is mainly because all projects are traded against Bitcoin and Bitcoin is the face of the industry. Investors look at Bitcoin before investing into any projects. Ethereum I'd dipping also because it high an impressive run towards the merge event and since that is over, the market is experiencing some cool off
This is normal and shoudn't cause much panic as firstly, we're in a bear season and shoudn't be experiencing a continuous price increase for Ethereum when other market are bleeding.

For this dear, You need to understand the Fundamentals of the ETH let me explain it as much as I know these things here. Well bro ETh was the inflationary coin before the ETH Merge as the daily total supply in the market was less the total burning of the day which means consistently supply was decreasing but with the Merge now ETH is an inflationary coin and the total supply is increasing consistently. That is the major reason for this Regular price panic in ETH.

during a bearish season like this time, bitcoin becomes a parameter for all altcoins in their development, because many say that bitcoin is the mother of altcoins, so it is like a chick following its mother where its mother goes. so we don't need to worry too much about this, and of course many of the altcoins are experiencing extreme decline, this can be a selection of residents who can survive later, but it will be different for eth which gets a lot of trust, then of course it can survive and reach ath new later

Yes, everything is based on the law of supply and demand, that is the basic of all economics. But if you look closely, one reason is that we are in the bear market, everything is done from their last all time high, including bitcoin.

And so even with their merging news, which put the price prediction to at least $2,200 didn't happen because investors are not willing to take a risk. There is also the recession that everyone is feeling and then still the war in the background. And so there are a lot factors that really contributed to the current bear market that we are seeing.

Crypto market has no correlation with stock market but if there is any similarity of price movement chart then it is just coincidence and unrelated, so he should be able to tell the difference and since the two are on different sides I also disagree and he should know more on the crypto market.

The Cryptocurrency market always acts as a whole... When the market crashes, very few cryptocurrencies diverge positively from the drop. It is Bitcoin that determines the direction of the market. It is not right to expect a positive divergence of the Ethereum price while the Bitcoin price is falling. For now, there is more or less such a market order. Market conditions act as if they were determined precisely. Therefore, I think it is not a very right thing to expect Ethereum or other cryptocurrencies to act independently of the market.

It has, you shall watch it properly. The market was always following the stock market. The correctlation was also very strong. It';s caused by investors who have been investing in the crypto was also doing the same thing with the stock market too. I think that you must also aware about this. This is the truth and it can't be denied. The price movement in the crypto is pretty similar as stock market.

Ethereum works hand in hand with Bitcoin, it follows the bull and dump run of Bitcoin which makes Bitcoin the most popular and top coin in the space. Bitcoin is having a really dump season and this have been lengthy and some traders ad investors still have strong doubt that it will retest back to the top which it will make a bull run to $100k. That will be also a bull run for ETH also, since it's second in line with Bitcoin. Market is currently in bear season and good time to bagged as much coins one needs as purpose and get ready for the bull season.

ETH and almost top coins are certainly experiencing difficult times, this is because the market is drops so that what happens to the drops is generally an impact, if the eth drops then we can be sure that other coins are also drops, because the current ETH position is the second strongest After Bitcoin.

My observations also do not see any correlation between crypto market and stock market, no evidence that stock investors are also investing in crypto. My friends who invest in stocks don't like cryptocurrencies, and I'm the opposite of them. The common point of both is that both are in a crisis economy and are both risky markets, so there will be common reactions when any bad news happens. This similarity will soon end when the economy recovers and returns to normal.

For me, we can't really deny that there is some sort of correlation between all financial markets, it's that crypto is very volatile as compare to stock market and others. And that's why there are traders in other market that doesn't want to try crypto and then there are those wall street who are willing to take that risk here because of the huge rewards.

For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.

The only main reason here is bitcoin, the entire market is still dependent on the movement of bitcoin, ethereum or any other potential coin will not be able to increase in price if bitcoin does not move. And bitcoin depends on the economic situation we are in a volatile economy so hard to expect a bull run this year. Everyone is focusing on dealing with inflation which is increasing day by day so they don't have too much time and money to invest, without new money flowing into the market, a bull market cannot be expected.

Not just because a certain event happened that is expected to bring the hype, it should be supposed to fill up the expectations of most people.

That's the problem when there's anticipation, if the expectation didn't happen, everything will now question what happened and that doesn't have really an accurate answer, to begin with.

Maybe just lower the expectation as there's no overnight good progress. Instead, Try to look forward in the long term.

Yeah you are right, if we were in a bull run, the merge would have increased the price of ETH  a ton, and people would be cheering for it, because during the bull run whatever you do is considered to be a good thing. But, because we are in a bear market right now, it's obvious that we are not going to really get anything special out of it, and that kind of upsets me.

The same thing that would be good in the eyes of many people, could become an unimportant thing suddenly because of the market condition. I hope that one day we will get over this, and be in the bull run again and we could see how great ETH could become, 10k+ price is not impossible for ETH in the next 2-3 years.

I personally think ETH is by far the best altcoin out there which is why it is at the second rank by marketcap.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but lets see how it goes when the bull market returns.

Ethereum is a top utility coin and its potential isn't questionable. There are just lots of occurrences that are happening in our economy that affect the blockchain market including Ethereum. The inflation crisis is one of the reasons why the market has been in a bearish condition but most cryptocurrencies including Bitcoin are dropping down. The decrease in the price of Ethereum doesn't affect its potential. It will remain on top because of its promising function which is the reason why many investors trust it.

and to be more precise is because merging will be like a long term project taking a very long time.
and it's all also influenced by the ongoing bearish market that causes investors to be afraid to invest in coins other than bitcoin even though ethereum is the second best after bitcoin.
maybe we can see what will happen in the future after the bulls come maybe ethereum will have a slightly better increase than this

I hope we could see the impact of the said merge someday but for now, we can't blame people for considering it to have a negative impact because that is what we see. The decline after the merge? It is really hard to appreciate that thing as we are expecting the price rally after, unfortunately, it goes in a different direction that embarrasses to most of us.

I see ETH still has the potential but I don't have to expect that because of the merge we will see its price move high. Because at this time, I was already relying upon the upcoming halving which helps to increase demand and uplift the price.

Well, in reality, and since that Ethereum became the most centralized project within the cryptocurrency space, the logic would be for the token to get to a price which would be usable. In order to be used as he main option for smart contracts, Ethereum would have to have a steady and low price who would not greatly impact the cost of transactions. IMO, any smart contract network who wants to survive, needs to set its price range into an affordable price so to not to stifle the development of new project in the network.

Even if some people do not like the transition that ethereum made to proof of stake and which made it even more centralized it is undeniable that it is one of the most influential coins we have in the market.

So even if it has not done as well as people believe it would have due to the hype created by this transition there is no reason for people to be worried about, since it is obvious that once the next bull market comes ethereum is going to be once again one of the best performers among the top coins in the market.

No one knows exactly what will happen in the future. But if history is any guide, ethereum appears to be holding its value better than most in recent months. It's hard to predict what the future holds, but as of now, it looks like ethereum investors are doing better than most.

Ethereum may be able to maintain its value in the long term. The general sentiment for cryptocurrencies seems very bearish at the moment. The market has taken a beating and plunged June $993.4 from its January high of $3,761 but there is too much exciting going on with Ethereum for the price of ETH to fall into complete doldrums.

This was supposed to be question before entering to PoS actually.   ;D
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.

Deflation as such does not greatly affect the price, the main thing is the importance and usefulness of the asset. While USDT is still partially on the ETH network, most of the NFT is also connected to the ETH and many projects also use the ETH platform, the price for ETH can (and probably will) grow.

If ETH wouldn't be needed anymore, no deflation will save the asset from falling.
When ETH switched to POS and censoring transactions some people and projects will be away from ETH.

Bitcoin is currently down, so naturally the price of ethereum is also going down, all altcoins be it ethereum, bnb or other alcoins are very dependent on bitcoin movements, I need to remind you this is a good time to invest in ethereum.

It was basically inevitable that something like would have happened, ETH miners are facing huge losses not only because now they cannot find another coin to mine for profit, but also because they had to sell their equipment and they had to do it for a loss, so they had not other choice but to sell whatever ethereum they had in store.

But since many miners were doing the same this lowered the price of ethereum after its transition to POS, however now it seems that finally things are improving for ethereum and the market in general as I see a lot of green during the last week, a tendency I hope can be maintained for some time.

We can't expect Ethereum to strike high when the market is still in a bearish situation. There are also lots of events and occurrences that affect the price of Ethereum. Even the global economy is in a bad state so Ethereum alone can't rise and recover. We all know that most altcoins rely on Bitcoin which is also currently at its bearish price. I think it will still take time before Ethereum could recover.

Not sure if that can be applicable to eth because eth is a big coin. It was like a btc but only in the altcoin category. There are in fact times where eth increases and btc's position is still the same. That is what I am talking about but most of the times, both of them and the rest of the coins are in a downward position, that is because we are still in the bear market.

There are negative news that came within this year but they are not the main reason on why the bear market have occurred because bear markets are a natural phenomena here in crypto. It is usually paired by the bull market but negative news can contribute and make the price more down.

I understand that there is always an internal factor and global factor that drives every coin. All the recent implementations, migrations and hype of a particular coin from the developers or the community are all internal factors. And this internal factor does not overtake the global factor in terms of price.

The global factor could be the effects of FTX bankruptcy, the overstayed bear market and more. This global factor is the only thing that affects bitcoin. And once bitcoin is affected, every other coins follow suit no matter the internal arrangement of the coin developers.

I think it's definitely normal for eth to lose its value in the middle of bearish like this after all it was such tough situation after the crash of ftt token that caused so many coins which has actually already losing its value in the previous luna crash, losing even more value, eth is the same like other coins and it isn't that independent against btc honestly. Surely once the trend is getting better after all these crashes, eth will recover rather easily.

I don't think there is a particular reason it is only following the trend of the other altcoins which obviously follow the descent of bitcoin, unfortunately we are still in a bear market

As of this time, the hacker of FTX has dumped a lot of ETH and into BTC. I don't think it would stop there though. Expect there will be another bunch of dumps, but I could be wrong.

This is going to be a long winter that we needed to endure, so I am not expecting for the crypto market to end the year on a high note even if it's a short term pump but could end up as a dead cat bounce.

Ethereum is on a downward trend at the moment, but in my opinion, it will bounce back from this cycle. However, even if Ethereum never recovers to its previous levels, the Ethereum community remains very active and is working hard to make Ethereum one of the most secure and trusted networks out there.

At its core, Ethereum was designed to be something new a blockchain system that is far more than just a simple currency network. Sure, ETH price drop has caused negative ripples in the market but some crypto enthusiasts maintain that its lack of utility could give rise to new take off in the future.

In addition to the bear market, there is too much negative news, which also puts pressure on the price of not only Ethereum, but also bitcoin. Now everyone is closely watching how the Genesis liquidity problem will be solved. And if no one can help them financially in this, then we will see another dump of the market.

It could be that some influence of the recent bad news caused the price to fall, it could be that there was a panic and some voters sold it. But for me this can be a reference to be able to return to positive trends, especially with this good news. hopefully in the future recover quickly.

Simple. The global economy deteriorated because of COVID-19 and the Russo-Ukraine war, while a major crypto exchange (FTX) collapsed. This caused Bitcoin to decline massively in price, taking along ETH and a few other cryptocurrencies down with it. You can see why the PoS upgrade had little-to-no effect over ETH's market price. If you really want to see ETH go all the way to the moon, then Bitcoin needs to rise first. Otherwise, don't count on seeing a return on your investment anytime soon.

For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts ;D

Becoming rich overnight can of course be in crypto, because the high volatility of crypto makes price spikes very high with a note that you can find coins that have the potential to increase drastically. and also conversely people can become poor overnight as happened to SBF Ceo FTX who lost all his assets overnight due to FTX problems. the strong and holding them will win. Buying and holding ETH from now on will pay off well when the ETH price rises to $5k.

Ethereum is second too coins and there should be no worries about Ethereum price. It better to stake it in Coinbase,then you can trade it into cbeth then from there it can be sold for cash or whatever. I recommend keeping it staked though, the returns are alright if you're prepared to just leave it. I'm planning to buy more and keep it staked so at least it's doing something instead of being sat about...

Majority of cryptos' market value are falling at this period due to factors and if you guys are not new in here, you'd worry not much. Part of its volatility are periods of ups and seasons wherein prices are down or struggling to uprise, just as what we are seeing at this point. If you're quite tied at the middle, then holding would be the best thing to do and avoid selling ofcourse. If you are planning to invest on the other hand, this is a good point to buy but don't expect profit in an instant. At this moment, it is still not clear when will bullish trend enter the market. So invest only what you can afford losing(as being mentioned x10 daily in this forum LOL). However if you cannot endure market downs, then wait for the trend line to be clear before you enter.

The last migration must have had a great impact. In addition, the gas fee of the second-tier network is really low. It is so low that I don’t want to go back to ETH. I think this is also a good thing. This is also an optimization. Although the currency price It fell, but the product is optimized and perfect.

The market is not really looking good and it's obvious that all of the cryptocurrencies in the crypto market are not gaining high despite being all-updated and developed, unlike others. The good thing about it is they still alive and they are staying alive despite this never seen tragedy in the crypto market where people are losing their trust in Centralized Exchanges. Today we are in a good scenario when we see the other exchanges working well and doing their usual activities because of what happened, they are getting hard to acquire new customers, and also this is the same thing for the Ethereum investors as well.

I will attribute the decrease in Ethereum price to the bear market. The bear market is currently on and still very much felt in the crypto space. As at November 7, 2022 the value of Bitcoin was around $20,000 (https://coinmarketcap.com/currencies/bitcoin/), but today the price is around $16,4i3 which is quite significant IMO. within the same time frame Ethereum price fell from around $1,600 (November 7, 2022) to the present price of around $1,208 (https://coinmarketcap.com/currencies/ethereum/). The decrease in Bitcoin price has influence on the Ethreum price and the price of other altcoins. I think that should be a major reason for Ethreum decrease in price.

If you look around, the whole market is crumbling down to pieces, so why should ethereum be different? The king is going down and is takingall the little kids behind. When Bitcoin falls, the most likely scenario will be to see the big majority of the cryptos following BTC. Moreover, Ethereum is a shitcoin, so I actually do not mind to see it go to 0

Ethereum and bitcoin was the two potential coin in the current situation.The price is Ethereum was increased and reduce based on the current market situation.When the market was pump,you can cash out some money.It Will helps you to gain huge for sure.But whales plays some role,when the market turns to the green.So they will do the bull sale and dump the market.During that time,you need to hold your coins.Ethereum is good coin to buy at all the seasons of time.

Traders sometimes blind themselves to the truth they have right in front of their eyes, as much as ethereum lovers do not like it ethereum depends heavily on bitcoin in order to grow, recently we had the transition of ethereum from POW to POS and yet the rally everyone was expecting did not happen, and why that was the case? Because bitcoin was not bullish at the time, if ethereum went over this transition during the bull market the results would have been different, but this only shows how much ethereum and all altcoins depend on bitcoin for their growth.

This is the truth on which people are really that way too advanced and really that believing that ETH could shoot up its price after the update or that event.
Its true that the market is too bearish which its not surprising that it didnt able to take off.

I dont know if the community arent really just interested with that POW to POS thing from ETH but if you do really look on bigger picture, then this thing is really that significant.

Decreasing prices is always been part of the market, you cant really just see upward movements whenever fundamentals are present.

Many people are thinking about the short term because they just want to get rich quick. But that's not the way it works. Crypto is all about the long term, and only those who're patient will be able to obtain great results in the future. I'm pretty sure ETH will reach a new ATH in price once the tide is over. Experts are predicting the market will turn bullish again when BTC's block reward halves by 2024. Of course, that would depend on the situation of the global economy. If the global economy worsens, don't expect ETH or any other cryptocurrency to rise in price anytime soon.

I'd just take advantage of this opportunity since it only comes once in a lifetime. ETH is pretty cheap right now compared to its latest ATH, so why not buy and "hodl" some coins for the next bull market? Just my opinion :)

The gas fee on the ethereum network after migration is still very expensive when compared to Binance Smart Chain or Polygon,
I really don't understand that Ethereum 2.0 which migrated from PoW to PoS can't change that, I as an Ethereum network user for a long time have been really disappointed,
and maybe I'm not the only one who is disappointed and makes one of the reasons why the price of Ethereum has fallen,
yes indeed that is one of the reasons but there are several other reasons, that is the bear market still dominates the market and there are also more and more bad news about altcoins.

Yeah, all those unexperienced traders were expecting a surge in price before or after the merge, but instead it went the otherway around. This could be basically foreseen by those who know the fundamentals. Now, if Ethereum was something valuable when it was represented by a decentralized network, logic would point out that it would not be that valuable if it was not decentralized. Eth is now absolutely centralized, so I see no difference from BNB at this point. Now, would you say that BNB would go to 5k as well, and what would be the fundamentals behind that belief??? That is about what I can say to anyone who still sees value in eth...

In my opinion, the Eth price decreasing is Eth Merge, and I think it is because bitcoin is not in its stable position, which makes many coins decrease we also knew that from the previous few months, we didn't see a better think in according to BTC, as this will be the big change for it, according to my research.

Yes, in general, this whole transition is very doubtful! The PoS algorithm itself is not some kind of innovative solution and in general, it is not entirely clear why and to what this transition was made. There are other coins that work with the PoS algorithm, and it is very little noticeable that they have become popular or in demand only thanks to this algorithm. it seems to me that this algorithm is very much idealized and overrated!!!

Yes, it seems the results are pretty bad but I respect the acceptance isn't clear and fast which takes time. However, the development continues and I don't think that Mr. Vitalik will just let this dropping scenario do deeper. But considering the current situation, the demand isn't really high. We can't really expect a price rally at this point but let us see how it improves next year as I guess that is something enough to see how the transition affects the demand.

This shouldn't be too surprising - there have been way too many negative news recently and which affected all projects. Why ETH should be an exception?

It went the other way around because the global economy is in a pretty bad shape. That, and also the fact that investors were disappointed after they've discovered Ethereum became a centralized "shitcoin". We can never expect prices to rise if there's a lot of negativism surrounding the market. I think it's going to take quite some time before ETH reaches a new All-time-high in price. The same can be said about Bitcoin. Only those who're patient will be able to obtain great results with their investment in the future.

I just hope ETH solves centralization issues, to help fulfill its promise of being the "unstoppable platform for decentralized applications". Otherwise, the idea of Web 3.0 would become nothing but a dream. No one knows what the future holds for ETH, so we can only hope for the best. Just my opinion :)

Many cryptocurrencies have suffered greatly in bear markets. The price of Bitcoin has fallen a lot during this bear market, and since ETH also follows the market trend of BTC, it means that the price of ETH will also fall along with it.
ETH still has potential, wait patiently for a price correction when the market recovers.

This though may mostly had by beginners or people who are always thinking only for short-term investment with high expectations. And I ma sure that this will not work very well as long as they change their mind about investment in the crypto industry. This is not a way to get rich overnight. this is also not a safe way to make investment to be zero risk, there are always risks. Moreover in the altcoins, the price during this bearish era will be really very sure and string. The people who panic and are not patient with the condition will change their minds by depressing and thinking negatively about certain coins. So, they have high expectations about the ETH prices to rise up, but the fact is on the contrary. ETH price is now very decreasing, but we also feel sure when the bearish ends and bullish comes, ETH price will be able to rise up again.

This reminds me of someone who said to me that other currencies except BTC may face zero, but I don’t think ETH will be included. After all, ETH is the founding father of the country and will not be discarded by the market in the end.

That's right, the king hasn't moved much, how can the little brother be better?
The main reason is that the entire market is too bleak, and when the market heats up, all currencies will rise.