Earlier this week, Ethereum successfully completed its final testnet merge known as Goerli, which is the last step towards the long awaited merge and eth 2.0
With all the supposed benefits this brings, what do you guys think Eth’s price action will do taking into account overall market conditions?
We have already seen the first impact of this news in terms of the price of ETH when the price went up from 1700$ to now almost 2000$ per ETH very fast. At the moment it seems like the price is consolidating slightly below the 2000$ mark, which is a big psychological barrier. I don't know if we will see more price pumps of ETH like this one, because the impact of that news is already gone now obviously.
If the merge will successfully happen on the date that they have announced and if afterwards everything works as planned also brings the benefits that every user of Ethereum is waiting for, like lower gas fees, then i think the overall trend for ETH is definitely upwards.