Quote from: ChillyMatthew on October 13, 2022, 04:51:57 PM

Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Original source:

https://twitter.com/thetokenist/status/1580532690360872961

https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/

I don't think even with that, the Ethereum price will suddenly go against the market trend. The general market sentiment is in a bear trajectory now and the Ethereum price will follow the same pattern.

Quote from: raidarksword on Today at 05:35:35 AM

It pumped last month because of the merge and now it's hovering because the momentum has been moved to other assets in my opinion and of course not just ETH not moving so well, bitcoin as well. It's just matter time that we see ETH to recover again hence we are still in bear market season. So it's expected for the price to remain stable, for now.

Are you saying that Eth merge was the reason the general market pumped a bit last month taking BTC and other major Alts along with it?
Just look at the price chart between July 12, to Aug 16 2022 which I believe you are referring to, the effect of the ETh marge couldn't have affected every major crypto in that same time period upward before it dropped again. I still say it was the general market trend and not the marge effect but I think the ETH price might have a good boost when the market trend changes, (Next Bull market.)