is ETH Post-Merge Hype Over?

[ChillyMatthew]

GM Crypto fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

[livingfree]

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Well, the hype didn't do well for ETH itself and to the market. We thought that it's going to be a booster to its price but didn't do.

We can have that conclusion that the hype was eaten by the bear market and if you've been here since 2018 bear market. There were too many good projects that have been eaten by the actual bear.

That's why even if there was a good project and good news about it but it happened on a bear market, that won't contribute.

[dimonstration]

Clearly yes ever since the merge was successfully implemented. The price of the Ethereum already drop to its original price before the merge new was announced and created a hype. This is understandable since transitioning from PoW to PoS doesn't give an instant result which means there will be no significant changes on Ethereum that worthy for a price pump besides of hype.

The crypto market is now continuing to bear market that only halt due to short term hype of Eth.

[SquirrelJulietGarden]

It's over and again, "Buy the rumor, sell the news" saying is true.

It takes time for community to realize real changes, effects of The Merge. After that, we will see another hype wave with some reports on social media, cryptocurrency newspapers or tweets from influencers about it. I believe the next hype won't be big and if you want significant hype, you must wait for next updates on Ethereum network (after the Merge).

We don't know when a next upgrade will be made because Ethereum team have history of repeated upgrade postpones.

[xandry]

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

The hype is definitely over. Those who bought ethereum before updating the network as a bonus received a bonus in the form of ethw coins. Having lost the advantage in the form of pow, ethereum now has to compete with other solutions with a lower commission (Polygon, Avalanche...).

[Flexystar]

Yeah it seems that ETH merge is now merged with the current markets bearish trend and this hype is no longer felt in the market. I think market did not even shown it at that alarming rate as it should have been because this was big event and the effect wasn’t much accelerated. Definitely currently we stand at much better position as compared to the expectations. However, market as we know is unstable and ETH is still in good position because staking is new world for everyone. They all seeing ETH as bigger opportunity via staking so more money is flowing in that sector.

[Ararbermas]

Crypto GM fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

i was not surprise why it's happening even there's an event that can really help for the progress because you know obviously there's still a lot of greedy people in the market and scared on FOMO. and imagine it happened during bearish season so what we are expecting ? Lol
you're lucky if you're stuck up right now and ethereum will bounce back shortly because for sure will become profitable at the end but if it stays and it continue to decrease then it will be a bad news.

[RussianEnglishTranslation]

Crypto GM fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

I think people invested in Ethereum pre-merge without doing their research. They thought that the merge meant that Ethereum would finally scale after all of these years, but alas, no such luck. In fact, all those people who staked are now unable to withdraw their funds, just because the core developers don't want people to be able to sell when they are trying to dump their bags. There are many better Web3 investments, like MATIC and ICP, each of these will do better long term and can scale to be used by the entire world, something that Ethereum will never be able to do on L1.

[el kaka22]

I think there was never really a hype for eth merge. I mean there was some excitement over how it will be but not in a financial sense, it was mostly just a technological sense. We weren't sure how it would happen and that is why we wondered if it will work or not. Looking at how it worked out and it's fine right now, I think it’s doing great so far and there is no problem at all.

I know it’s not a simple thing, but I believe it is certainly something I could enjoy and don't need the price to go up at all. It’s clear for me that we shouldn't expect every single improvement on blockchain world to cause a big increase in the prices, somethings are just good in a tech way.

[Scripture]

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Merge happened during the global economic crisis combined with bearish market. I don't even think if the hype will be last long. Only dumb people who are thinking if they will be seeing ethereum got hyped even more after merge. Merge gives no change to the protocol. that was only changing the fact that if merge was bad too. I meant take a look at how it was giving a huge impact to the price of ethereum.

The hype is over and yes, the merge doesn’t give a good impact yet to ETH for some reason, but maybe in the long run it’s for the benefit of everybody. I see this merge as a good one, it’s just that the timing is no that good and that’s why the price is still down. The price can only recover once the market enters into a new bull run, for now you can buy more while the price of ETH is still cheap.

[antsam]

I think it's just too many people's expectations for the ETH Merge, so because it doesn't match the expectations of many people are pessimistic. But I think this is just a big first step for Ethereum which will further solidify its position as an elite Crypto. We can't be separated from BTC but with time everything will change

[libert19]

What's post merge hype? Merge itself was hype and it's done for. Correction appeared inevitable.

[FinneysTrueVision]

The hype is indeed over but I don't think a 17% decline is such a dire thing for ethereum. Prior to the merge ETH was pumping hard due to the hype so it is natural that the price would have eventually corrected after the event happened. Now that we are almost a month later and the price has normalized and we don't see such large fluctuations.

[TastyChillySauce00]

The hype is indeed over but I don't think a 17% decline is such a dire thing for ethereum. Prior to the merge ETH was pumping hard due to the hype so it is natural that the price would have eventually corrected after the event happened. Now that we are almost a month later and the price has normalized and we don't see such large fluctuations.

Bitcoin was also going down. Ethereum was only following what bitcoin does yet correction for ethereum has come since a few weeks ago but situation in bitcoin has been making the price goes even deeper. There will be no bottom. The price can go down anytime.
If the sentiment is still negative in the world economic and i will be expecting another huge dump will come as soon as possible. It's just matter of time.

[LogitechMouse]

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Hype? I didn't feel it TBH.

I mean we are at a point where negative events are happening worldwide. China's economy on the verge of falling down, US stock market on a freefall and we know that Stock Market of US and crypto are correlated, global inflation, interest rates increasing, Ukraine-Russia War, US on a recession. There are many events that are happening worldwide and that affects all of the global market including the US market. US market is on downward movement and US market and crypto market are correlated and they are moving almost the same.

Now if you will ask me if the hype is over, maybe it is or it didn't happen at all or at least I didn't feel it because of what's happening. Bear market simply is enough to put Ethereum going up even though it made a good upgrade though not for some.

[JustEducated]

Crypto GM fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

It sure is over and still didn't do much good to ETH.
I still feel as if the price of eth going down has just get begun.

[bounceback]

The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.

[tvplus006]

The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.

Obviously, the ETH pump was triggered by the news of the upcoming Ethereum merger. Accordingly, it was then that it was necessary to fix your profit, and not wait and hope that after the merger the price will continue to increase. Now it is necessary to wait for the bull market, which may lead to a new ATH.

[Jaered]

This is crypto for you. The very essence of unexpected-ness and surprises, this time an untasty surprise. I know many people that moved their funds out of ethereum, and into other coins, way before the merge. The real cause of the dump was that people bought a lot of Ethereum because of the free coins from ETHW and soon as the ETHW showed up in their wallets, they sold their ETH

[bitkanu]

This is crypto for you. The very essence of unexpected-ness and surprises, this time an untasty surprise. I know many people that moved their funds out of ethereum, and into other coins, way before the merge. The real cause of the dump was that people bought a lot of Ethereum because of the free coins from ETHW and soon as the ETHW showed up in their wallets, they sold their ETH

They were speculating about the new coin that would come soon. The speculation has become real and they have received their airdrop coins to be sold in the market. The price of ethw was also going down so much from three digits to the below 8 bucks. That proves that if there are only people who dumping it to the bottom. It seems like people were using ethereum to get free money and no more.