For me, the most important reason was time. The timing was wrong in my opinion. With inflation so high and the crypto world in general red, removing it wouldn't just bring the bull season, of course. Therefore, it cannot meet the expectations.
well I think it is , the timing is really bad and instead of investors getting in? they chose to keep distance and many have sold their funds instead of holding so this really effects the increase in price, but there are expectation to come in the coming months so meaning the increase may be delay yet? we will be having our chances to buy now and keep holding till those time comes.
Exactly, the timing was wrong. Sometimes the price increases will not come immediately after the merger occurs, but they can be delayed for a period of time. We are not only in a bear season but also in an economy full of uncertainty, which has never happened before, so ethereum's reaction is understandable, as we are in a tough spot. But ETH being dumped is not necessarily a bad thing, we have the opportunity to buy eth cheaply there is no reason to be disappointed, eth is still a worthy investment in the long run.
and people over expected about the merge in which being abused by whales, they took the advantage to dump the market and make fool of the investors and then eventually bump it and they will be the profiting .
but with so much happening in this merging? ethereum stays dumping till this time of typing.
so in general? it will took long again for the event to come and taste the profit of our investments .