The latest rumour going around about the Ethereum merge is a dump after, you are wrong if you are one of them, Ethereum going proof of stake and fixing the high gas fee have automatically turn this project into a GOLD, every whales will want to stake and enjoy the rewards, even if a dump happens after the so called fork it won't last.
But in fact, Ethereum dumps after the Ethereum merger. Of course this is not only the effect of the merger of Ethereum but because the price of Bitcoin also experienced a dump. But the Ethereum merger does not show the number of requests to be more. Right now the price of Ethereum is really dropping. A PoS system that doesn't provide the best solution for Ethereum miners at the moment.
It does dump because the artificial hype created by the merge event is gone now. Now ETH market is again susceptible to the bear market trend. Aside from that those who buy ETH because of the merge is selling their holdings because they are not here to buy and hold ETH but rather take advantage of the free money from the fork and profit from the hype.
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Certainly, after a successful upgrade, ethereum will soon grow in all directions.
I hope ETH won't go in downward direction.
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There is not even a doubt about this. I don’t even quite understand why some people doubt the prospects of this coin.
There are lots of flaws in this coin. 1st is the scalability that is why they have planned to implement an update and network upgrade to address this problem. Second is the high fee, among the cyrptocurrency today, ETH is probably the most expensive coins to move around with its high gas fee. and many more.