What are your thoughts on this?
It is still unknown how will the market react to the incoming update of ETH. Many are hesitant about the transition of it from POW to POS but most certainly there will also a group that will favors it. So those who are in favor of the incoming updates will possibly do their best to make the incoming update look like a positive move.
I think it's going to be a long term increase and not something people will take a look at right away. I mean we are talking about 32 ETH minimum start price, which means that there will be a ton of people who will buy that. Even when it first appeared with phase 0, and some places are doing it right now, it still had a huge impact on the prices.
I remember 2020 December very clearly when people bought a ton of ETH and filled that bar very quickly. This is the thing we should look at, when the time comes it will happen again and we are not going to end up with anything bigger. We should end up trying to do something that will make a big difference for sure. All those purchases will make the price go up more and more each passing day.