Today is ETH merge and your point doesn't look like it's happening, all top altcoins are down, why would you think of such when September is one of the most bearish months of all.
there was a fomo last week. now that feeling is gone. the news is just news. don't rely too much these guys who will just say it will spark a bull run after the merge.
POS makes ETH protocol the money printer for institutions that will come in crypto bringing down ERC tokens. and we are like back to the old fiat system governed by the oligarchs.