Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.
In my opinion if that may takes years or until bitcoin already done with another halving. There's no signal from ethereum. It seems like cryto market will always be steady like this time. a small pump and dump already occured anytime. The only problem is once people started to believe if there would be no bullrun anymore and this will become a disaster. I hope that crypto will recover again and then people will be feeling so good with their assets.
There's no way that we could really say that confidence and trust of people had already done considering that Bitcoin is still sitting on top and ETH is on the next.Value might
really that low and could really be compared on previous prices but if we do speak about demand then we could really see that its still there.It is really just this season was
just totally been pointed out to be bearish.We cant really able to determine on whats the actual reason on why ETH had dropped its price after the merge
which im pretty sure that lots had been anticipating the other way around.