Topic: Ethereum Merge date confirmed, any price action predictions after merge? - page 2. (Read 213 times)
August 12, 2022, 07:47:53 PM
Will we really see a price increase on Ethereum (ETH) after the migration from Proof-of-Work (PoW) to Proof-of-Stake (PoS)?. I'm still wondering about this, isn't this a degradation for network security on Ethereum itself?, If it will degrade network security, it shouldn't have any hype and will have a bad impact on the price.
August 12, 2022, 07:14:16 PM
About $2.3k I guess? Maybe even higher if hype about it goes well beyond what it is right now which might push the price temporarily to above $3k. If it proves to be rather disappointing though after the merge, then it might just plummet back to around $1.5k, maybe lower if again, the hype brings it back up, then it can also slam it back down if the response to it was very disappointing. I'd honestly expect at the minimum for it to breach past $2k and maybe go around $2.3 as I said earlier. Wait and see for the rest imo.
August 12, 2022, 05:52:04 PM
(I don't want to click random links though). Personally, the first hump that Ethereum should get over is the $2k price barrier.
If we can get over that after the merge in September in mainnet or even prior, then I would say that it is a big accomplishment already by the merge. And just like the news in the test net alone, it had a good impact in the price isn't it, we've reach as high as $1900 and probably be moving positive as well. So this is my prediction and hopefully we can reach $2k and sustain the run till next month.
If we can get over that after the merge in September in mainnet or even prior, then I would say that it is a big accomplishment already by the merge. And just like the news in the test net alone, it had a good impact in the price isn't it, we've reach as high as $1900 and probably be moving positive as well. So this is my prediction and hopefully we can reach $2k and sustain the run till next month.
Ethereum is trading at $1.9k and your $2k target distance is not too far away. I think it will hit $2k and maybe go a little further to $2.3k-2.5k$. But after the event is over, it is not clear if ethereum will be able to maintain this momentum or will correct after that as surely many investors will take profits soon after, who bought bitcoins at the price below 1k dollars for the most recent low.
August 12, 2022, 05:29:33 PM
(I don't want to click random links though). Personally, the first hump that Ethereum should get over is the $2k price barrier.
If we can get over that after the merge in September in mainnet or even prior, then I would say that it is a big accomplishment already by the merge. And just like the news in the test net alone, it had a good impact in the price isn't it, we've reach as high as $1900 and probably be moving positive as well. So this is my prediction and hopefully we can reach $2k and sustain the run till next month.
If we can get over that after the merge in September in mainnet or even prior, then I would say that it is a big accomplishment already by the merge. And just like the news in the test net alone, it had a good impact in the price isn't it, we've reach as high as $1900 and probably be moving positive as well. So this is my prediction and hopefully we can reach $2k and sustain the run till next month.
August 12, 2022, 05:08:25 PM
Earlier this week, Ethereum successfully completed its final testnet merge known as Goerli, which is the last step towards the long awaited merge and eth 2.0
With all the supposed benefits this brings, what do you guys think Eth’s price action will do taking into account overall market conditions?
This was the news article that got me thinking…
https://twitter.com/thetokenist/status/1558093698017239043?s=21&t=yQzn7FEi78pOJ9x0MxQAGw
https://tokenist.com/ethereum-options-open-interest-reach-new-ath-as-merge-date-confirmed/
With all the supposed benefits this brings, what do you guys think Eth’s price action will do taking into account overall market conditions?
This was the news article that got me thinking…
https://twitter.com/thetokenist/status/1558093698017239043?s=21&t=yQzn7FEi78pOJ9x0MxQAGw
https://tokenist.com/ethereum-options-open-interest-reach-new-ath-as-merge-date-confirmed/
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