is ETH Post-Merge Hype Over?

[Silberman]

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/

That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts.

[justdimin]

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?

That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts.

It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype.

It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen.

[Dollar_Hunter]

The Ethereum Merge is over and the hype is of course over, we know that there is a law in trading,
buy when the rumors and sell when the news arrives, meaning that before the ethereum merge we have to buy,
and after the successful ethereum merge of course it's selling time,
and it is proven that the Ethereum price dumps after Ethereum merge complete.

[zasad@]

Now the price drop is happening in all markets, and not only in cryptocurrency. We have seen in the history of the recession and for 10 years, but the fall in prices still ends. $1,200 for 1 ethereum may seem very expensive to many, but I am sure that such a project as ethereum will exist in 10 years.

[NewRanger]

Now the price drop is happening in all markets, and not only in cryptocurrency. We have seen in the history of the recession and for 10 years, but the fall in prices still ends. $1,200 for 1 ethereum may seem very expensive to many, but I am sure that such a project as ethereum will exist in 10 years.

ethereum has been survive for many years since it launched while another projects die. Its one of best smartcontract platform ever ,which is alot projects success come from this platform. Even eth price drop ITS still be best opportunity to accumulate it for long term purpose.most of finance market now crash due dollar ini ndex strenghtness

[Lagduf]

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.

The smart people will not call this as a big event for sure. The only thing that makes traders a bit interested with it caused by they would able to get the free coins from miners like ethw which can be sold easily in the various market. The merge gives no impact at all to the price of tokens.
Speculators are selling after the news has been released and they were also dumping their free coins to the market.

[harizen]

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

In the very first place, there's no hype, to begin with.

Secondly, the merge was not meant to increase the ETH price.

Lastly, we are still in the effect of the bear market but just to be clear, we are not in the bear market. I'm sure the market already reached the peak of this bearish trend and now starting things off.

It's also the technology that is applied on merge and not market-related stuff that can increase the price.

Regardless of whether there's a merger happened or not, the activity on the market will dictate the price.

[doomloop]

It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype.

It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen.

That is something that gets broken out of nowhere for no good reason at all, and sometimes doesn't happen at all even with great news. The biggest examples are this and Elon to doge duo. Like for example ETH merge was a huge deal, we moved the second biggest coin in the rankings from PoW to PoS and that should have caused a huge deal, it should have gone up a lot and it should have been quite the good fun.

But, it didn't and we have no idea why it didn't at all. On the other hand, we are talking about Elon tweeting about doge, increasing its price back in the day, there was absolutely no connection, but somehow it did happen. So when will that cycle break is unknown to all.