Following the assertions about the upcoming ethereum merge which is scheduled to happen in september, what is likely going to be the effects on the market price of ethereum, ethereum based coins, and the general cryptocurrency market at large?
We can definitely say that for the whole crypto market this will not have any global effect, because the market does not follow the price of ETH, the market follows the price of bitcoin. Even if the merger will have a positive effect, it will hardly affect the price of ETH for the better, because the whole industry is in a bearish phase right now and the process of switching from one algorithm to another will not change this situation, the market will not suddenly become bullish. So in the short and medium term it is unlikely there will be any major changes in the price of ETH.