Can someone explain to me why did ETH drop after the merge?

S A KHAIR

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Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Merger doesn't have any impact on ethereum? Who told you so and is he an expert or just an idiot who talks nonsense? Merger has a very positive impact on ethereum, in addition to reducing eth supply, it also makes eth eco-friendly when moving to POS. The only problem with eth is that the move to POS has become more centralized and this is disliked by many.

RussiaUkraineTranslation

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Quote from: Ayers on October 14, 2022, 03:58:49 AM

Quote from: Oceat on October 11, 2022, 06:41:49 PM

Quote from: NewRanger on October 09, 2022, 06:50:29 AM

Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

first, because we're in a bear market, it's very hard to pump and one thing i don't know if people remember. prior to the merge, the ETH price also rallied and at one point hit over $2k in the pre-merger period. showed that people were caught up in the Fomo wave created by the sharks and it was not surprising that when the merge happened, people continued to expect higher prices but it ended up going in the opposite direction. everyone has high expectations so it will be very disappointing when it doesn't go as planned

I think it was a pump and dump and now people are locked in staking their ETH and the devs won't let them withdraw from the contract for frear that they will sell and ETH will go back under 200 dollars where it belongs. I don't get why you would stake Ethereum anyways when it only pays out 3.5-4.5% APY, especially considering that you can get up to 80%+ staking MAXX on MAXX finance or even staking a POS coin in your wallet, like NEAR protocol.

lixer

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Quote from: S A KHAIR on October 14, 2022, 12:16:17 AM

Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Merger doesn't have any impact on ethereum? Who told you so and is he an expert or just an idiot who talks nonsense? Merger has a very positive impact on ethereum, in addition to reducing eth supply, it also makes eth eco-friendly when moving to POS. The only problem with eth is that the move to POS has become more centralized and this is disliked by many.

I think what he mean there is there aren't any "negative" impact. It won't be called a merge for no reason but there are noticeable effects on it on eth and few of them is already given above by you though I don't think the supply of eth have reduced but they only make it more known while it's true that proof of stake is more friendly to the environment than proof of work.

They say that the merge make eth more centralized but a lot of us won't really care at all because even before, we already consider eth to be like that (centralized) and this is why we avoid it at all cost. Those who wonder why eth price pumps and dumps didn't realize this yet.

Reatim

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Quote from: WalkerIVIV on October 14, 2022, 01:49:52 AM

Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

True if that was on term of price. If we are talking about the future of ethereum and merge may have a good impact for long term. The only problem is demand got divided into some fork coins. I meant we have etc and ethw which were disturbing the ecosystem from ethereum blockchain. The bearish trend has been making the merge hype gone easily. that's merge already projected for long term impact

the problem is that people are just seeking for complete reaction these days when it is obviously setting a economic problem that affects everything in the world.

never look for easy reaction because this will end also soon , instead seek for a long term effect that may process the condition if Ethereum from supporters to attackers .

Ayers

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Quote from: Oceat on October 11, 2022, 06:41:49 PM

Quote from: NewRanger on October 09, 2022, 06:50:29 AM

Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

first, because we're in a bear market, it's very hard to pump and one thing i don't know if people remember. prior to the merge, the ETH price also rallied and at one point hit over $2k in the pre-merger period. showed that people were caught up in the Fomo wave created by the sharks and it was not surprising that when the merge happened, people continued to expect higher prices but it ended up going in the opposite direction. everyone has high expectations so it will be very disappointing when it doesn't go as planned

WalkerIVIV

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Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

True if that was on term of price. If we are talking about the future of ethereum and merge may have a good impact for long term. The only problem is demand got divided into some fork coins. I meant we have etc and ethw which were disturbing the ecosystem from ethereum blockchain. The bearish trend has been making the merge hype gone easily. that's merge already projected for long term impact

serjent05

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

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.

The merge actually bring hype on ETH, during this hype the market moves differently from other market and now that the hype on merge is over, it is natural for the market to join the current trend. Since ETH is overbought during the merge hype, it is natural for the ETH market to undergo correction. Correction plus the current bear market, it is normal for the price of ETH to drop. And it will drop until it is completely corrected.

Aside from that the transition from PoW to PoS also has effect on how the seller sells ETH. Since it is cheaper to gain ETH, it is also possible that sellers will compete for buyer making them adjust their selling price lower. Unless ETH developer comes up with a great solution in the effect of the transition, we might see ETH to drop more.

Ani1985

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There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Oceat

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Quote from: NewRanger on October 09, 2022, 06:50:29 AM

Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

rhomelmabini

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Quote from: Lambe Ndumble on October 10, 2022, 05:48:10 AM

I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

But there's that notion that it will be the catalyst when it happen but so far we see it wasn't as what we see after it goes live. I think the overall market worldwide has something to do with this and the crypto market was affected in it too. Always protect your capitals ladies and gentlemen maybe we haven't seen the horror yet.

RussianEnglishTranslation

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Quote from: Lambe Ndumble on October 10, 2022, 05:48:10 AM

I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

Agreed. At least with Ethereum we can stake for 4% APY, and for others like NEAR and ICP 10-20% respectively. That's the best you can do to keep your head above water in a bear market.

Lambe Ndumble

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I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

Lagduf

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

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.

Ethereum will never be pumped during the bearish trend, The bullish trend is a trend that will change everything in the market. Bitcoin does a small jump but ethereum does nothing at the same time. The problem is when people didn't even realize about the fact merge will not bring short term impact to the price and they must be patience for that.

Ararbermas

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Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

so not only it got rid of a reason to sell, but it actually gave a reason to buy, and yet people are selling their ETH, why? I am checking to see a logical reason, but so far I have failed to find a logical reason for it. By all means this could have been the start of the bull run, its such a great thing and for some reason people just disliked it, why?

its about what's happening in the market mate, so if you don't know the real situation of the growth of eth and you buy or sell of course you will be surprised what will be the results afterwards especially if its opposite to what you're expecting. Grin

"technical and fundamental analysis" that's the most important! Not buying when its on deep because that's not how it works.

NewRanger

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Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

Quidat

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Quote from: CuriousGeorge on September 28, 2022, 11:56:44 AM

Quote from: ||bit on September 28, 2022, 08:42:50 AM

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.

bittick

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the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

CuriousGeorge

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

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.

||bit

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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.

hyudien

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Quote from: TheGreatPython on September 28, 2022, 05:44:29 AM

We have been in those economic conditions even before but why did eth manage to climb up before the merge happened? Can you explain that? I think I have to agree on those users above who said that the cause of the fall are manipulations done by the whales but I don't believe that people are too busy to forget what they must do. They just want to continue hodling thinking that the rise can also continue but sh!t happens unfortunately.

Anyway, this was not the end of eth so we shouldn't despair too much only because of this. The merge is still kinda new so maybe the effect isn't fully felt yet, lets just wait for some time okay?

In my opinion, this may have something to do with the public's distrust of Ethereum centralization. Because after the merger with the switch to PoS many people think Ethereum has violated privacy. If we talk about the state of the economy, one might say that overall but based on the OP thread focusing specifically on the impact of Ethereum after the merger. Because if the reason for economic conditions is not only cryptocurrencies, all investment assets experience a price collapse.

Topic: Can someone explain to me why did ETH drop after the merge? (Read 623 times)