So the ETH merge has finally happened

[bounceback]

Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.

Why did the price of ETH drop after the merger, maybe because of the simultaneous sell-off by investors in the market that caused the price of the coin to drop, nowadays if we see many investors playing a scenario when there are positive rumors about a certain project and they will do "buy rumors, sell news" like what happened to the current ethereum project where before the merger event was carried out the price of ETH had experienced a price increase to the level of $1.7k, but after the merger event was completed, the ethereum coin is currently trading at a price of $1.4k and it is likely that this decline will continue.

[Shasha80]

Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.

Why did the price of ETH drop after the merger, maybe because of the simultaneous sell-off by investors in the market that caused the price of the coin to drop, nowadays if we see many investors playing a scenario when there are positive rumors about a certain project and they will do "buy rumors, sell news" like what happened to the current ethereum project where before the merger event was carried out the price of ETH had experienced a price increase to the level of $1.7k, but after the merger event was completed, the ethereum coin is currently trading at a price of $1.4k and it is likely that this decline will continue.

Now the price of Ethereum is starting to drop drastically, even the price of Ethereum has dropped 9% in 24 hours. I see a lot of people are starting
to panic now. I was lucky to have sold the Ethereum I owned partially before, so I can buy Ethereum again if the Ethereum price has fallen deep
enough. Why do I only sell Ethereum that I own only partially, that's because I honestly don't believe the price of Ethereum will drop drastically
due to the ETH merge already happening.

Although the price of ETH continues to decline, I still believe the price of ETH will not fall below the price of $ 1000. In fact I predict
the possibility of Ethereum will only go down to the price of $ 1200. Then slowly Ethereum will start rising again. My advice is never to sell Ethereum
at a low price, if we are late selling Ethereum, we just hold on to the Ethereum that we have until the price goes up again. Because Ethereum
has proven to be very good for long-term investments.

[LogitechMouse]

A good thing happened to Ethereum.
The bad thing is that Bitcoin spoiled the excitement of Ethereum and pulled it alongside other coins downwards.

Bitcoin back to ~$19,000 again and Ethereum? I still remember a thread that I replied here sharing a strategy where he will buy Ethereum after the Merge and sell it afterwards. I just hope that he didn't go all in on it because he is at a loss right now.

TBH, many are excited about merging, but I don't see any effects on it on the price even before it happens. I mean we are in a bear market and things aren't going well. Bear market is the perfect time for the projects to develop because markets will either be down or stagnant. Overall, Ethereum is still a good long-term coin, and I will continue to hold it as well as Bitcoin.

I just hope that GPU prices will go down after this so that I can buy GPU for my computer .

[Paul Pogba]

According to the original plan that the merge process will occur on September 15th and now it's September 16th, but I don't see anything different, do you need the next step or process? I also follow the twitter of mr. Vitalik but they didn't give any announcement.

[onecall123]

The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?

As of today, the Ethereum merger has been completed, bringing the second-largest blockchain into a new era. In our crypto experts' opinion, the merger should have put ETH at the top, but it's just trending downward now, but that's not a big deal since it's only been 24 hours. There is no patience among people since those who dump do not deserve rewards for holding. At a discount, I'll buy their ETH.

[Questat]

I'm not sure if this is the result of panic selling or the merge itself...



It was to see a huge decline after a few hours from the said merge. I actually can't imagine seeing this but I have to accept the mental impact of this thing making people too worried and dump their Ethereum to protect from losing. The FUDs are quietly winning this time, the bad influence makes a terrible drop in its price.

[Jeger.Kiting]

A new system has been started, known as proof-of-stake or a new concept which states that one can mine or validate transactions according to the number of coins held. I hope this will make it easier for everyone holding Ethereum even if the price goes down because this is just the beginning of this merger happening and transaction fees are cheap and I'm sure by the end of this Ethereum merger all dead projects will come back to life to continue their launch using this Ethereum Merge.

[danherbias07]

Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.

Some miners selling claiming their ROI and maybe small investors too. It causes panic because there's no assurance where it will go. It's a normal reaction after a big change.
About you thinking of selling, it depends on what you are expecting next. Others are just on watch but will certainly move once they see a sudden dump.
I suggest just doing the same. Because we are all in the big question of what direction this will go.

[bossofbetting]

The Merge has finally happened, but ETH price was dropped by 7.6% for the last 24 hours. "Buy the rumor, sell the news" - this is the gold rule.

[bossofbetting]

I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?

I think after the Merge and this significant loss BTC and ETH will show the same price correlation, just like before these "Merge" news.

[maydna]

I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?

Losing a lot of value doesn't mean losing the trust of its investors because I believe investors still hold on to ethereum and can still wait for the price to increase again. It is only a matter of time to tell when the price of ethereum will start to rise and gain a rally. Ethereum is not out of date, and due to the current bear market, there is still a reason that the price of ethereum has not been able to increase again. In addition, the price of bitcoin has also not been able to rise higher, causing other coins, including ethereum to remain at a low price.

[icalical]

The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?

Anyway, I don't think that the price dump is solely because the merge has happened, but the crypto market in general is still bearish, and ETH is not worse than other crypto so the 'sell the news' thing is not significantly affect ETH. And 'what's next for Ethereum?' the next thing will be for them to prove that Proof of Stake will not be centralized as some people feared before.

[fuguebtc]

I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?

Losing a lot of value doesn't mean losing the trust of its investors because I believe investors still hold on to ethereum and can still wait for the price to increase again. It is only a matter of time to tell when the price of ethereum will start to rise and gain a rally. Ethereum is not out of date, and due to the current bear market, there is still a reason that the price of ethereum has not been able to increase again. In addition, the price of bitcoin has also not been able to rise higher, causing other coins, including ethereum to remain at a low price.

You should not just expect ethereum to only increase after the merge. Before that, there were mixed opinions, some people thought that it would go up to 2k1 $ or higher, but there were also investors who thought that it would lose value right after the merger. Just because it doesn't grow as you expect, you shouldn't jump to the conclusion that it's outdated.

Before the merge, we also saw the market drop because of the news related to the CPI so it is difficult for ethereum to have a chance to shine in its big event. It's a pity but I believe ethereum won't stay silent forever, let's wait and see.

[zasad@]

https://beaconcha.in/pools#
https://pro.nansen.ai/eth2-deposit-contract
Lido Finance and Coinbase control nearly 44% of the network. Another annoying point is that centralized exchanges have a large stake in staking and can influence the consensus. Ethereum has become a centralized coin, its price has fallen, although it now has a negative supply.

[Kelvinid]

I would say it was a successful event but unfortunately, the impact of this is not good as it looks due to the price drops of Ethereum. I really think that people are worried about what happens after which makes them decided to sell their coins. I hope could just be a short drop and it rallies back next week otherwise, we never see the merge is beneficial.

But yeah, despite the decline, I was still happy to see it is finally done and look forward to a better future for Ethereum. I was still believing that those who sell their ETH will buy again and still see the potential of Ethereum.

[Bananington]

So what do you guys think, what's next with Ethereum ?

We are hoping to see the a better and more efficient ETH network, and it is what everyone will be looking out to observe. The merge happened at a very critical period in time when energy concerns are high and cost of energy is soaring. Critics who used the high energy requirement of the POW as a point to fault the ETH network can now shove it up their Bum.

[zasad@]

Another gift for negativity in the crypto market
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
Ether’s New ‘Staking’ Model Could Draw SEC Attention
"Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an asset is a security. Known as the Howey test, it examines whether investors expect to earn a return from the work of third parties. "

[gabbie2010]

I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?

Ethereum isn't going out of date it's just like the forces of supply and demand forced it's price to dump, personally I had anticipated a pump in it price just like in those days of crypto Forks, however on a long term perspective I think it price will pump massively after the successful merging of Pow to Pos, reduction in transaction gas is a welcome development invariably the high cost of transaction of it network especially ERC based projects using it network which had formally been a big issue I believed it had been addressed, I am looking forward to a high market price of ethereum in no distant future,

[pawanjain]

Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.

There might be multiple reasons contributing to the dump. Firstly the market itself is in a bear market.
Secondly, many people who bought ETH thinking they would profit out of the fork would now sell their coins.
Thirdly, merging to PoS network makes ETH more centralized now so may be people are in a fear and thus the selling.
So the chances of dump were high right from the beginning but to be honest ETH didn't dump as much as I thought.
Though we can see the dump ETH is still holding it well.

[fvb]

I read a lot of articles on this topic and so did not come to an unequivocal opinion. Will the price rise or not, how will this all affect the network. Some analysts say that now is the best time to lock coins in the wallet and wait for the price to rise, which they think will be by the end of the year. Everything looks ambiguous and time will tell who was right.