Perhaps, the dumps can be possible this time even with the merging happens. It was just the FUDs circulating the market making people get worried that the ETH price will lose more of its value but we don't have any proof with the scenario, not a single thing. Besides, even to say it drops more but if we never touch it nor sell them, we have nothing to lose either.

Now, if you are a long-term holder, selling is not really on your mind cause you know it will recover after the dip (if there is any). Just like what I gonna do.