Well I would have to agree with Mr Scott Redler since I really believe price of ETH will break 2,000 when the merge happens.
My biggest missed opportunities for investing in Crypto was when my friend recommended buying Ethereum when it was less then $100 so I do not sell any of them now and look forward to this merge.
It is good news that Ethereum merge was completed successfully yesterday but its price didn't increase as many market participants had expected which is very disappointing. Ether is down more than 9% which reflects market didn't celebrate seamless merger of Ethereum. In the long-term conversion to proof of stake will have good impact on its price because it is anti-inflationary but due to overall weak economic conditions all financial markets are not performing & so is crypto.
Sometimes the market does not always go the way we think so we should not be surprised about the outcome of the merge although I already know that Ethereum is not going to go that bullish the way many speculation have said because of so many reasons. We all know that Bitcoin controls the market and if we all use our funds to buy more Ethereum holdings abandoning Bitcoin, then the bull we are looking for might not come to us because of Bitcoin may be having reduced liquidity to push the market bull. I noticed after the merge the entire crypto market keeps falling indefinitely.
Because we all know that the crypto market is very difficult to predict, so sometimes the movement of Ethereum will not always move according
to our wishes. Many expect that after the Ethereum merge is complete, the price of Ethereum will increase, it turns out that the price of Ethereum
did not experience a significant increase. Because we have to understand we are still in a bearish trend, so it affects the movement of Ethereum.
But I believe that Ethereum will eventually go up, we just need to be more patient holding Ethereum, because just like Bitcoin, Ethereum is
also very good for long term investment. So don't expect Ethereum to reach $2100 this year, because Ethereum will probably have a hard time
rising to $2100 this year in a bear market situation. Hopefully entering the year 2023 the Bitcoin price will recover, because if the price of
Bitcoin recovers, usually Ethereum will also recover. So for now we just focus on holding Ethereum that we have.