Why Ethereum is Dropping After the Merge?

[Bitstar_coin]

What is the connection between blockchain problem solving and price? The network has become more centralized, transaction processing speeds have been improved, scalability problems have been solved, all of which are good for blockchain. The price is falling because the demand to use blockchain is not growing, the capitalization of the coin is falling. ETH, like the rest of the market, is depressed, and one blockchain update is not enough to revive the market. In cryptocurrency, technology is not always the determining factor for coin growth.

Lol, because the btc or crypto community has this perception of expecting a price movement for every little blockchain upgrade or so. Perhaps people thought with the eth merge solving the majority of the issues within the network, will lead to buying pressure that will result in a price increase, unfortunately, the bear market didn't make things happen as many people expected them to.

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[Xal0lex]

What is the connection between blockchain problem solving and price? The network has become more centralized, transaction processing speeds have been improved, scalability problems have been solved, all of which are good for blockchain. The price is falling because the demand to use blockchain is not growing, the capitalization of the coin is falling. ETH, like the rest of the market, is depressed, and one blockchain update is not enough to revive the market. In cryptocurrency, technology is not always the determining factor for coin growth.

Lol, because the btc or crypto community has this perception of expecting a price movement for every little blockchain upgrade or so. Perhaps people thought with the eth merge solving the majority of the issues within the network, will lead to buying pressure that will result in a price increase, unfortunately, the bear market didn't make things happen as many people expected them to.

Only it works in a bull market, because in such periods, any news about the network update or the project itself causes an increased demand and the coin grows on such news. Even news about some collaboration or new partner adds value to this or that coin. But now is the crypto winter and such updates and news the market just swallows without any noticeable effect. News works differently in bullish and bearish cycles.

[justdimin]

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking?

it seems the title of this thread is the most discussed in this forum, but I am happy to answer every question that comes, why the price of ETH is dropping is that we are in a bear market and inflation is everywhere, war is coupled with rising interest rates, but most often people answer is that the trend for news merge is over and they are selling the results of the news that has been announced everywhere about the merge, but you don't have to worry you can buy it now under $1300 that is a very cheap price for ETH

That is a good reason, but the idea is that why we haven't seen hype? I mean the reason why it was already low, and stayed low is the things you talked about, but people expected it to do a lot better in the long run right after the merge because they believed we would have some sort of hype, and we didn't get that hype.

If you are saying that all that inflation and war reasons that kept it low, is also the reason why it didn't cause any type of hype as well, then I would understand it, but I felt like it would have a hype during the merge period even with all those things, because it should have responded to it somehow, but maybe I am just wrong.

[shinratensei_]

The bear market is stronger than the merger itself, the good news is not always able to make prices go up in the near term, for me this is an adjustment that we must accept.
It would be different if the merger occurred in a bull market maybe we could see the price of ETH get new ATH.

The hype of merge already happened but it's not quite strong to keep the hype during the bearish market. Ethereum price was going up before merge and so many people were selling their ethereum after merge already done. This is a common thing in the crypto when there are so many people who are trying to bet into the news and they will sell back later.

[Kadal Ijo]

The market that Red generally makes many cryptocurrencies including Bitcoin and Eth also continue to decline, even for almost a month the price of Bitcoin below $ 20K, and the price of ETH has also not been able to return to the $ 2000 level, there is nothing we can do other than hold and be patient.

[yazher]

The current situation of the crypto market is not really good and we expect that this is more likely to happen and it has nothing to do with the ETH merged. considering the situation of the world economy today, there are lots of things that have been going on lately and the war is the main culprit because people are now hesitant to use their money to invest in crypto because they might need it for their essential needs because if this war will gonna expand to other countries it would be far worse than the pandemic. The risk to invest in crypto nowadays are high than ever before because you are not only risking in the crypto market, you also gonna risk not having anything when the war will reach your country.

[NicNacCoin]

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking?

Ethereum's merge was right but the timing was really bad If the market was in a good state with such updated news of Ethereum, then Ethereum would have become more popular and the price would have increased a lot.Although many of its mistakes have been corrected since Merge, the price has not increased due to poor market conditions.

[rozak]

The current situation of the crypto market is not really good and we expect that this is more likely to happen and it has nothing to do with the ETH merged. considering the situation of the world economy today, there are lots of things that have been going on lately and the war is the main culprit because people are now hesitant to use their money to invest in crypto because they might need it for their essential needs because if this war will gonna expand to other countries it would be far worse than the pandemic. The risk to invest in crypto nowadays are high than ever before because you are not only risking in the crypto market, you also gonna risk not having anything when the war will reach your country.

I don't know what the situation is, but it's clear that today there seem to be a lot of big transactions going into the Binance wallet. this is probably one of the reasons for the current decline in the price of ETH. plus global market conditions have not improved, the downward trend in ETH prices may continue for some time. because some addresses that have a fairly large amount of ETH seem to start making outgoing transactions.

[zasad@]

the answer is very simple - there is no demand.Everything is much simpler than many may think, the event did not affect the new fork in any way, exchanges are not interested in it and miners, including, are in no hurry to switch to it.On another form, one user proved to me that we are still waiting for a big price increase, but I strongly doubt it.

The price of cryptocurrencies needs to be reduced for one reason, so that hamsters sell their coins and become disillusioned with investing in cryptocurrencies. The price may fall, but if there are no sellers in the market, then there will be no liquidity, so such markets are easy to manipulate.

[JahriMeayer]

The merge can be consider successful cause many issues were fixed through it. But price is another subject. before merge people bought ether so that it would be blast after merge but sold out cause they knew that this is bear market. So simply it isn’t possible for ether alone to increase incredibly when whole market is down along with btc. That's why we are seeing ether rather dropping cope with others altcoins

[zasad@]

The merge can be consider successful cause many issues were fixed through it. But price is another subject. before merge people bought ether so that it would be blast after merge but sold out cause they knew that this is bear market. So simply it isn’t possible for ether alone to increase incredibly when whole market is down along with btc. That's why we are seeing ether rather dropping cope with others altcoins

What issues were fixed in the merge?
Ethereum has become almost a centralized coin.
https://bitcointalk.org/index.php?topic=428589.msg60868900#msg60868900

https://www.coindesk.com/tech/2022/10/14/censored-ethereum-blocks-hit-the-51-threshold-over-the-past-24-hours/
Censorship has been a growing concern within the Ethereum ecosystem, especially since the advent of MEV-Boost after the Merge.

Ethereum has gone to shit

[justdimin]

The current situation of the crypto market is not really good and we expect that this is more likely to happen and it has nothing to do with the ETH merged. considering the situation of the world economy today, there are lots of things that have been going on lately and the war is the main culprit because people are now hesitant to use their money to invest in crypto because they might need it for their essential needs because if this war will gonna expand to other countries it would be far worse than the pandemic. The risk to invest in crypto nowadays are high than ever before because you are not only risking in the crypto market, you also gonna risk not having anything when the war will reach your country.

I don't know what the situation is, but it's clear that today there seem to be a lot of big transactions going into the Binance wallet. this is probably one of the reasons for the current decline in the price of ETH. plus global market conditions have not improved, the downward trend in ETH prices may continue for some time. because some addresses that have a fairly large amount of ETH seem to start making outgoing transactions.

There are some whales who have so much that each of their move triggers a big sell off, or a buy. This is something that needs to be decentralized in the crypto world as well, we do not have an exchange where whales could trade with other whales, in the stock market you do not see people buying 10% of a company's stock all at once, you do not see them sell it neither, most of that happens directly, kind of like p2p.

We need to build something that would make sure all the trades that are over 10 million dollars would be done that way, meaning it wouldn't really impact the market, and only if they can't find a buyer they could do it on the market, that way it would impact the market a lot less.

[Mario Yamasaki]

We cannot just see Eth, the facts that occur in the market are many Altcoins and even Bitcoin who are also drops, this is natural because the price trend pattern of cryptocurrencies is almost similar so that when there is 1 large coin like ETH drops it is certain that other coins too Drops.

[Luffygroove]

To some extent, I believe the bear market is also playing a role. People are being very careful with their spending during the bear market, and they are not particularly interested in trading at the moment. The revision is good, but it won't blow anyone away. In addition, there have been no noteworthy shifts, such as a decrease in petrol costs. People probably stopped buying ETH and start to sell it just after the ETHW airdrop, causing the price to drop. The focus of the group has shifted to something else.

[DapanasFruit]

Obviously, a lot of people were then expecting that the price of Ethereum will go explode after the so-called Merge but it did not actually. Hence, many are then disappointed as this Merge is liken to Bitcoin's halving in terms of impact. Anyway, what is good is that Ethereum is setting things up for the long-term...so maybe we should tone down our expectations and look forward to the future - say 3 to 5 years from now when I am sure ETH can surely be more valuable as we have it today during this long bear market.

[rin24]

It is all about demand and supply, we are currently in a bear market condition, price will increase slowly but not as many expected after the merge, it did not influenced the price much unfortunately.

[Ahli38]

Please note that the increase that occurred in ETH before the merge was Hype. and it's a normal thing that happens at every particular event. and anything that is hype is temporary and always declines afterward. coupled with market conditions that are still in a bearish trend so it is not surprising that ETH continues to decline as well as other altcoins. including bitcoins.
when we see the hype then we must be able to determine when we have to enter and when we have to leave. because if we are late in and late out then we must be prepared to accept price corrections.

[samcrypto]

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking?

It will fixed the problem within ETH network but beyond that, it’s already out of control. The market is on a bear trend, there’s no huge demand for ETH right not because their focus is with Bitcoin and the Stablecoins. Let’s not rush the result here because the normal scenario is that, after the hype the price will slowly go back to it’s normal trend and with that, bear market is still the option for ETH. Well, eventually you will see the effect of that update you may not feel it but other users will enjoy that update this is still a good update for the benefits of many.

[bitgolden]

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking?

It will fixed the problem within ETH network but beyond that, it’s already out of control. The market is on a bear trend, there’s no huge demand for ETH right not because their focus is with Bitcoin and the Stablecoins. Let’s not rush the result here because the normal scenario is that, after the hype the price will slowly go back to it’s normal trend and with that, bear market is still the option for ETH. Well, eventually you will see the effect of that update you may not feel it but other users will enjoy that update this is still a good update for the benefits of many.

The moment bull market comes and there are tons of projects that will be using ERC20 to build, there will be an added request for ETH all over again, that’s what I think will happen and that’s the trick.

I know it’s not a simple thing to wait for the bull run, and I know that it will take them after the bull run starts that projects which are based on erc20 will start to become popular, but each time new bull run comes that happens, so it is only matter of when and not if for ETH to grow again. I know that it’s not a simple solution to just go ahead and invest into ETH but if you do that then you are going to end up with a good profit eventually.

[tvplus006]

The moment bull market comes and there are tons of projects that will be using ERC20 to build, there will be an added request for ETH all over again, that’s what I think will happen and that’s the trick...

It would be good if by this time the developers had launched an update that would increase the speed of transactions on the network. And also no less important is the reduction of the commission in the network. In this case, there is no doubt that the attention to the blockchain will increase, which will entail an increase in the value of ETH.