Topic: So the ETH merge has finally happened (Read 637 times)
Hmmmm the marge already done and hype is gone. People were expecting too big while the price still remain the same or even going to the dip. that means the trend is much more strong compared with ethereum's impact from its update. This gonna be giving you lots of benefit when it comes to the long term adoption. There would be limitation for ethereum that can be bought by people and this is putting the project into the a very good plan for long term.
the rumour of the merge was more effective than the actual merge in term of influencing the value of eth right now it's instead tanking.
moreover it seems there's some correction that ETH have recently, I guess the bullish is still far in the future considering right now eth that could influence other tokens in general is still having a difficulties in retaining its value.
moreover it seems there's some correction that ETH have recently, I guess the bullish is still far in the future considering right now eth that could influence other tokens in general is still having a difficulties in retaining its value.
now there has been an ethereum merge and it is running successfully. but at this time it is not certain what will happen to ethereum after the merging process has been successfully carried out. but there are some observers who say that ethereum did the merger at the wrong time due to the current bad market conditions, so it could make the price of ethereum go down after the merger. but whatever happens to ethereum, in my opinion ethereum is one of the coins that we really deserve to invest in the long term.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
now there has been an ethereum merge and it is running successfully. but at this time it is not certain what will happen to ethereum after the merging process has been successfully carried out. but there are some observers who say that ethereum did the merger at the wrong time due to the current bad market conditions, so it could make the price of ethereum go down after the merger. but whatever happens to ethereum, in my opinion ethereum is one of the coins that we really deserve to invest in the long term.
now the value of eth is decreasing again, it's even worse since it just already below $20k which means it's breaking its resistance, the only thing that could save eth from tanking further is definitely btc trend.
after all eth still heavily relies in the trend of btc just like other coins in general, it seems even if there's massive event coming from eth like the merge it isn't enough in making the value increase again let alone reaching the all time highs, even though the current value is still better than few years in the past when it just few thousands dollars of price and relatively low market capitalization.
after all eth still heavily relies in the trend of btc just like other coins in general, it seems even if there's massive event coming from eth like the merge it isn't enough in making the value increase again let alone reaching the all time highs, even though the current value is still better than few years in the past when it just few thousands dollars of price and relatively low market capitalization.
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term takes now is the price right
One of the major issue ethereum merges was targeted at is the issue of mining cost and to eliminate that cost Ethereum have to upgrade to proof of stake which does not require miners to confirm transaction but stake pool to do that and that was aimed at crashing the transaction fees in the ethereum network. But with what I have been reading online ethereum is far from achieving that as the gas fee is still high at the moment.
ETH merge was a success and I think Vitalik should be commended for the effort to ensure things did no go bad as well as his interest to promote a more green environment. However, some of the Ethreum miners will be at loss due to the merge. According to Messari, as contained in CMC (https://coinmarketcap.com/currencies/ethereum-pow/), Ethereum mining industry is worth an estimated $19 billion which will become obsolete with the change to PoS (https://coinmarketcap.com/currencies/ethereum-pow/) Since Ethereum is mined with dedicated GPUs, miners cannot just switch to Bitcoin, which is mined with ASICs. Which means a huge loss on investment. Currently, EthereumPoW ((ETHW) positions itself as “the original Proof of Work Ethereum. The fork is already backed by Poloniex, Justin Sun, founder of Tron, and Chandler Guo, a notable ETH miner. ETHW is already listed in many exchanges (https://coinmarketcap.com/currencies/ethereum-pow/markets/). It is left for us to make our choice.
https://www.coindesk.com/markets/2022/09/22/jpmorgan-sees-concerns-for-ethereum-blockchain-after-the-merge/
JPMorgan Sees Concerns for Ethereum Blockchain After the Merge
"The platform has become less decentralized after the switch to proof-of-stake, the bank said.
JPMorgan spelled some concerns about the Ethereum blockchain following the network's transition to a proof-of-stake (PoS) consensus mechanism, a process that was called the Merge"
JPMorgan Sees Concerns for Ethereum Blockchain After the Merge
"The platform has become less decentralized after the switch to proof-of-stake, the bank said.
JPMorgan spelled some concerns about the Ethereum blockchain following the network's transition to a proof-of-stake (PoS) consensus mechanism, a process that was called the Merge"
I think if the desired price increase will not be instant, everything will be processed. The market will see its development for some time, but in the long term this is a big leap and will have very bright prospects
Too many people expect and believe that ethereum will increase in price after the merger is over and eventually, as always, the market moves in a direction that most people don't expect. There hasn't been any strong dumping but looking at the market it's bleeding slowly. In the short term, I think ethereum will not be able to increase in price.
Yes, market fluctuations and market conditions are not only affected by the Ethereum merge, but many sentiments can affect it. But I believe the prospects for Ethereum are getting better by changing to POS because so many changes are happening and it supports green energy
The rumor that I got was that there would be a massive sale after the merger ended. Then there was an article that said that Ethereum had started to be centralized because it would be controlled by two giant wallets, Coinbase and LIDO. it's true that nothing is obvious after a few days of this merge, but it will really have an impact after a few months or seasons. let's see the changes.
Because of the hype that was created about it ,that why before margin I thought the price of etherium will go up and it will bring a good impact on market . But the result is opposite from my side. And now it looks like Ethereum will drop below 1K.
there should be changes after the merge but nothing seems to happen directly from ethereum. but from this merger, I think we can conclude that the largest shareholders of ethereum are the largest exchanges such as coinbase and Binance as a POS system, of course they will benefit the most.
It has only been five days since the Ethereum merger, and this coin is already losing market share and falling in value faster than Bitcoin. So, over the past week, ethereum has fallen in price by 21 percent, while bitcoin has fallen by only 13 percent.
Some believe that the reason lies in the increased risk of centralization and the possible pressure of financial regulators on coins with the PoS algorithm. The skepticism of market participants is associated with the dominance of large players in the updated network. So, Lido Finance and Coinbase together occupy 45%, and if you add two more exchanges (Kraken and Binance) to them, then the share increases to 60%.
Fuel is added to the fire by the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, who, a few hours after the Ethereum merger, announced the possible recognition of PoS coins as securities. If the regulator is able to secure this status, it will require crypto trading participants to follow more stringent rules.
However, these fears appear to be temporary. Ethereum from the merger and transition to PoS in the future will only strengthen its position.
Some believe that the reason lies in the increased risk of centralization and the possible pressure of financial regulators on coins with the PoS algorithm. The skepticism of market participants is associated with the dominance of large players in the updated network. So, Lido Finance and Coinbase together occupy 45%, and if you add two more exchanges (Kraken and Binance) to them, then the share increases to 60%.
Fuel is added to the fire by the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, who, a few hours after the Ethereum merger, announced the possible recognition of PoS coins as securities. If the regulator is able to secure this status, it will require crypto trading participants to follow more stringent rules.
However, these fears appear to be temporary. Ethereum from the merger and transition to PoS in the future will only strengthen its position.
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Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
that's happening now. People are always thinking big event will always give a pump but this time proves that if big event can sometime meant nothing for people. The hype was big in the past but this time people are only thinking about how to dump it. It seems like market will always be at the bottom until the next year, So many things appeared at once.
Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
Is it a joke, to be honest I don't really believe in Fud's news which is not certain, that this is a good step for ethereum with plans already formalized in terms of this merger, certainly no impact on all Erc20 based tokens, and costs gas will also be cheap unlike in recent years, many tokens died due to the high cost of gas at that time, that's why I assure you that all Erc20-based tokens will come back to life, just like in 2017...
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
dumping after ethereum merging for me is a natural thing and will probably continue for the next few months.I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
maybe at this time there are a lot of rumors that appear for ethereum and it looks a little ridiculous but indeed all of that cannot be predicted what will happen to ethereum in the next few years. there is a possibility of ethereum going higher or vice versa.
but if we remember the journey of ethereum in the past, it started from a low price and over time it became a trend and the price became very expensive as it is today. well we'll see what happens and for those who believe in ethereum for now it might just hold on to it for the better long term
It will be interesting to see how Ethereum's price and market cap will adapt in the future. There are no long-term forecasts for Ethereum at this time, but it's good to see that price and market cap are responding in the way the majority expected. In other words, there are no unexpected surprises, which is good news. I don't think ETH is done yet, it's pumped up a lot going forward and still looks good in my opinion.
I also have the same thought that the price will tank hard because it is almost cost nothing to create ETH. Besides, I do not think that London Fork will make ETH deflationary because ETH has no finite supply. Just check the max supply of ETH, it is infinite! I doubt this burning will even make the ETH total circulating supply to shrink. I do not even think that it will nullify the daily ETH coin production.
Take a close look at the amount of remuneration that validators now receive for confirming a transaction, and compare it with the amount that is burned: https://etherchain.org/burn Today's validator reward is 90 times lower than the one that miners received earlier. Accordingly, the issue of new coins has now decreased by 90%.
There you can also see that the value of "current ETH emission" is now -0.3%, which means that the number of coins is decreasing.
Another horror story about Ethereum. Read the explanation in the comments.
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
This is expected, POS are inclined to centralization because of this stuff. Anyway, it is fun watching on the sideline how the ETH POS transition plays in the later part.
The ETHW (the fork caused by the merge event) had been dumping fast, from $58.54 down to $4.53, it looks like many investors are not buying the trick but still, I am curious why there are still people falling in this kind of scheme. We all know that this fork won't be supported by ETH developers still other trader buy this "trash".
If this really happens and if there is a huge drop in its price, I'll be expecting more investor to sell their ETH for other potential projects. And I was thinking now for Solana to rally up.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
Well, Merge is the initial step in implementing their project "The Surge" which solves lots of ETH shortcomings so we won't notice any difference on the ETH performance but surely we can feel the change of sentiment in the ETH market after the Merge since the hype of it is over now so definitely the price of ETH will have a correction reason for the current drop of ETH price in the market.
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.
I also have the same thought that the price will tank hard because it is almost cost nothing to create ETH. Besides, I do not think that London Fork will make ETH deflationary because ETH has no finite supply. Just check the max supply of ETH, it is infinite! I doubt this burning will even make the ETH total circulating supply to shrink. I do not even think that it will nullify the daily ETH coin production.
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.
Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
Ethereum is a project that has an excellent track record, and also Ethereum has a very solid development team. So don't worry about the effects
after the merge is complete, the Ethereum price will continue to decline, we have to be patient holding Ethereum. And don't even think about selling it
at a low price. Maybe the movement of Ethereum in the near future will look bad, but in the long term Ethereum will look positive. We do have
to believe Ethereum will provide huge returns in the long run. Ethereum will continue to develop into an extraordinary project, because Ethereum
has proven to always be in second place on coinmarketcap. This means that Ethereum is indeed the best altcoin and is a worthy investment choice.
That's why I don't panic to see Ethereum's price dropping right now. Because I believe when the bull market comes, Ethereum will rise very high and
can provide satisfactory profits.
Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing.
So you will see the price returns to pre 2018 levels in the future. From 10's to max couple of hundred dollars per ETH.
Also now the SEC is coming for ETH because it is proof of stake and that makes it a security now.
So you will see ETH price will be exactly what it costs to make one in the end. Which is very low value.
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing.
So you will see the price returns to pre 2018 levels in the future. From 10's to max couple of hundred dollars per ETH.
Also now the SEC is coming for ETH because it is proof of stake and that makes it a security now.
So you will see ETH price will be exactly what it costs to make one in the end. Which is very low value.
So what do you guys think, what's next with Ethereum ?
I think, that now ETH price will go down gradually, because there was a great demand because of possible coin's plummet on the background of the merger. It didn't happen and disappointed investors and speculators started to bring ETH to exchanges in mass. There is speculation that the decline may continue until strong support at the $1,000 level. ETH forks are actively starting to be added to exchanges and are even opening trades. Another reason to add ETH to exchanges is in anticipation of a possible ETHW airdrop, so now everyone is waiting for some sort of network split and for miners to decide where to redirect their capacity. I was expecting much more from the merger.
Another horror story about Ethereum. Read the explanation in the comments.
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
this is good news for those ethereum fans. I understand the price of ethereum even after the merge doesn't have any progress, but this is just the beginning because ethereum is a big project of course the price is not easy to manipulate due to the high trading volume. let's see some time in the future I believe there will be changes after the merge.
it is a matter of pride for ethereum which can now merge into something new. I think POW is too expensive and not environmentally friendly. even ethereum itself when it was still mining POW cost a lot of gas although I'm not sure the main cause was because of POW. but since the merge the ethereum gas costs no more than 10 GWEI that's great.
You mean the ethereum gas fee has dropped, I haven't done any ethereum transaction since the merger was complete. Is that true? because I heard the merger only helps ethereum reduce energy consumption to a low level, can reduce energy consumption up to 99%, the gas fee issue will not be fixed in this batch.
I read a lot of articles on this topic and so did not come to an unequivocal opinion. Will the price rise or not, how will this all affect the network. Some analysts say that now is the best time to lock coins in the wallet and wait for the price to rise, which they think will be by the end of the year. Everything looks ambiguous and time will tell who was right.
It is now the 17th or 2 days since the merge process, many congratulated Mr. vitalik on twitter, of course I hope this can have a positive impact on ETH and the market. Another thing is that the transaction process can be faster and at a low cost, and this is what developers who use the ERC20 network are waiting for.
I don't expect anything new as regards ethereum in term of moving from Proof of Work to Proof of Stake until a major development from the Bitcoin. The merge from proof of work to group of stake will make all the ethereum miners who do nothing beyond mining to migrate to another coin from which they can mine.
And a fork from ethereum will bring a boom in the price of ethereum as people will possibly want to hold more to maximise their benefit from the fork.
And a fork from ethereum will bring a boom in the price of ethereum as people will possibly want to hold more to maximise their benefit from the fork.
Of course, the effect of Merge is not directly felt, many experts say that it takes big more than just a merge process that does not bring a significant impact, and of course I don't really think about this process, the most important thing is that transaction costs are cheaper than before.
So what do you guys think, what's next with Ethereum ?
We are hoping to see the a better and more efficient ETH network, and it is what everyone will be looking out to observe. The merge happened at a very critical period in time when energy concerns are high and cost of energy is soaring. Critics who used the high energy requirement of the POW as a point to fault the ETH network can now shove it up their Bum.Now that eth is now in pos mechanism, pretty sure that it will now be more efficient in terms of energy cost and there might be other positive things that will be expected in the upcoming days like its value will increase dramatically and at the same time its transaction fee will now go back to normal again.
In term short term, it may face tough times, but in the long term I am expecting big grow. Imagine the fact that the more you buy the more you will earn from staking it, in a world like that there is no way that money doesn't go into ETH by the bulk, and maybe it is not happening right now but I am 100% sure that it will eventually happen.
Because of that we are seeing a small drop these days but that doesn't mean how it will be, it will probably end up with a good return and the price will go up eventually. I am holding, and I am buying a bit more, I am going to enjoy the ride to top again, and I am sure I will hold it for far too long and not sell at a profit and wait for it to crash again later on as well, lol.
Because of that we are seeing a small drop these days but that doesn't mean how it will be, it will probably end up with a good return and the price will go up eventually. I am holding, and I am buying a bit more, I am going to enjoy the ride to top again, and I am sure I will hold it for far too long and not sell at a profit and wait for it to crash again later on as well, lol.
You should not just expect ethereum to only increase after the merge. Before that, there were mixed opinions, some people thought that it would go up to 2k1 $ or higher, but there were also investors who thought that it would lose value right after the merger. Just because it doesn't grow as you expect, you shouldn't jump to the conclusion that it's outdated.
Before the merge, we also saw the market drop because of the news related to the CPI so it is difficult for ethereum to have a chance to shine in its big event. It's a pity but I believe ethereum won't stay silent forever, let's wait and see.
A declining market causes the prices of many coins to decrease, and we can do nothing but try to take advantage of all of that. We'd better stay patient until everything changes, and when that changes, the number of coins will definitely increase, and the price of ethereum will also increase.
Another gift for negativity in the crypto market
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
Ether’s New ‘Staking’ Model Could Draw SEC Attention
"Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an asset is a security. Known as the Howey test, it examines whether investors expect to earn a return from the work of third parties. "
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
Ether’s New ‘Staking’ Model Could Draw SEC Attention
"Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an asset is a security. Known as the Howey test, it examines whether investors expect to earn a return from the work of third parties. "
Right, but I thought that they already deemed ETH and considered it not a security. It's not just an attack on ETH per se, but the whole staking model that have been existing for years and then they will have just have to investigate now because of the ETH merge and because of the validators staking 32 ETH.
So far it seems that instead of the rally some were expecting we’re seeing a slight drop in the price of ethereum, nothing too serious which could make us think that there’s some kind of issue with ethereum..
The price drop did not occur after the merger, but a little earlier, when the price of ETH reached $2000, after the date of the Ethereum merger was made public. And since then, we have been observing a correction of ETH, which may reach the price of $1300, after which we can see a new wave of growth.
Yes, it almost touch $2k when the test was successful on their test net and that is why they proceeded with the mainnet. And every one predicted that it can as high as $2,200 because of this activity. But when the CPI announced their report, the whole financial market was affected and still now, we are all over red as investors are panic selling.
Although it does not have a tangible effect for now, it will have very positive effects in the long run, the 2nd best coin in the market has switched to the POS system and it is well priced to buy right now, this is not investment advice in my opinion. Currently, mining fees appear at 14 gwei. It is a great relief for the network that we are entering a new time in cryptocurrencies. Maybe a little decrease can be expected. It is currently trading at $ 1400 for eth, let's see if BTC can push itself up again.
So far it seems that instead of the rally some were expecting we’re seeing a slight drop in the price of ethereum, nothing too serious which could make us think that there’s some kind of issue with ethereum..
The price drop did not occur after the merger, but a little earlier, when the price of ETH reached $2000, after the date of the Ethereum merger was made public. And since then, we have been observing a correction of ETH, which may reach the price of $1300, after which we can see a new wave of growth.
so the merge is done the value of eth is going down and it has become a fully centralized altcoin, the only good news is that the price of gpu will go down
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term take now is the price right
So far it seems that instead of the rally some were expecting we’re seeing a slight drop in the price of ethereum, nothing too serious which could make us think that there’s some kind of issue with ethereum, but still it’s going to be very important to see how ethereum develops from now on, there were a lot of people which weren’t happy with the merge and which could make some moves against ethereum during the next months, and since ethereum is so big this could have repercussions not only in the ethereum ecosystem but in many other coins as well. There will be no new hardfork coin but those miners are creating collution to launch their own ethereum called ETHPOW. This coin is likely to be another scam created by miners. Miners are greedy and people shall not buy that. ETHW was just another shitty fork coin created by greedy miners like BCH, BTG and many more. The fork coin is a way for miners to keep getting more and more money through dumping their scam coin to the stupid people who are still buying it for now. Ethereum miners are scammers.
I will never buy ETHW
I will never buy ETHW
I can't agree more. This fork is basically useless and shouldn't have value. It is literally stated that ETH will be in POS so these ETHPOW and ETHW is just another method these greedy miners has to milk these naive investors of their money. These forked ETH are not even supported by the ETH developers so it is a clear sign that this fork is more likely a shitcoin/ or a way to rob people of their money.
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
It is that before this merge, there is a lot of hype about the ETH fork and many investors are rushing to buy ETH to avail of that free money, and the possible escalated hype happened. Now that the merge had happened and no big surge happens after the merge, people then sold their stash for profit. That is pretty much one of the reasons of the possible dump after the merge.
I read a lot of articles on this topic and so did not come to an unequivocal opinion. Will the price rise or not, how will this all affect the network. Some analysts say that now is the best time to lock coins in the wallet and wait for the price to rise, which they think will be by the end of the year. Everything looks ambiguous and time will tell who was right.
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
There might be multiple reasons contributing to the dump. Firstly the market itself is in a bear market.
Secondly, many people who bought ETH thinking they would profit out of the fork would now sell their coins.
Thirdly, merging to PoS network makes ETH more centralized now so may be people are in a fear and thus the selling.
So the chances of dump were high right from the beginning but to be honest ETH didn't dump as much as I thought.
Though we can see the dump ETH is still holding it well.
I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?
Ethereum isn't going out of date it's just like the forces of supply and demand forced it's price to dump, personally I had anticipated a pump in it price just like in those days of crypto Forks, however on a long term perspective I think it price will pump massively after the successful merging of Pow to Pos, reduction in transaction gas is a welcome development invariably the high cost of transaction of it network especially ERC based projects using it network which had formally been a big issue I believed it had been addressed, I am looking forward to a high market price of ethereum in no distant future,
Another gift for negativity in the crypto market
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
Ether’s New ‘Staking’ Model Could Draw SEC Attention
"Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an asset is a security. Known as the Howey test, it examines whether investors expect to earn a return from the work of third parties. "
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
Ether’s New ‘Staking’ Model Could Draw SEC Attention
"Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an asset is a security. Known as the Howey test, it examines whether investors expect to earn a return from the work of third parties. "
So what do you guys think, what's next with Ethereum ?
We are hoping to see the a better and more efficient ETH network, and it is what everyone will be looking out to observe. The merge happened at a very critical period in time when energy concerns are high and cost of energy is soaring. Critics who used the high energy requirement of the POW as a point to fault the ETH network can now shove it up their Bum.
I would say it was a successful event but unfortunately, the impact of this is not good as it looks due to the price drops of Ethereum. I really think that people are worried about what happens after which makes them decided to sell their coins. I hope could just be a short drop and it rallies back next week otherwise, we never see the merge is beneficial.
But yeah, despite the decline, I was still happy to see it is finally done and look forward to a better future for Ethereum. I was still believing that those who sell their ETH will buy again and still see the potential of Ethereum.
But yeah, despite the decline, I was still happy to see it is finally done and look forward to a better future for Ethereum. I was still believing that those who sell their ETH will buy again and still see the potential of Ethereum.
https://beaconcha.in/pools#
https://pro.nansen.ai/eth2-deposit-contract
Lido Finance and Coinbase control nearly 44% of the network. Another annoying point is that centralized exchanges have a large stake in staking and can influence the consensus. Ethereum has become a centralized coin, its price has fallen, although it now has a negative supply.
https://pro.nansen.ai/eth2-deposit-contract
Lido Finance and Coinbase control nearly 44% of the network. Another annoying point is that centralized exchanges have a large stake in staking and can influence the consensus. Ethereum has become a centralized coin, its price has fallen, although it now has a negative supply.
I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?
Losing a lot of value doesn't mean losing the trust of its investors because I believe investors still hold on to ethereum and can still wait for the price to increase again. It is only a matter of time to tell when the price of ethereum will start to rise and gain a rally. Ethereum is not out of date, and due to the current bear market, there is still a reason that the price of ethereum has not been able to increase again. In addition, the price of bitcoin has also not been able to rise higher, causing other coins, including ethereum to remain at a low price.You should not just expect ethereum to only increase after the merge. Before that, there were mixed opinions, some people thought that it would go up to 2k1 $ or higher, but there were also investors who thought that it would lose value right after the merger. Just because it doesn't grow as you expect, you shouldn't jump to the conclusion that it's outdated.
Before the merge, we also saw the market drop because of the news related to the CPI so it is difficult for ethereum to have a chance to shine in its big event. It's a pity but I believe ethereum won't stay silent forever, let's wait and see.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
Anyway, I don't think that the price dump is solely because the merge has happened, but the crypto market in general is still bearish, and ETH is not worse than other crypto so the 'sell the news' thing is not significantly affect ETH. And 'what's next for Ethereum?' the next thing will be for them to prove that Proof of Stake will not be centralized as some people feared before.
I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?
Losing a lot of value doesn't mean losing the trust of its investors because I believe investors still hold on to ethereum and can still wait for the price to increase again. It is only a matter of time to tell when the price of ethereum will start to rise and gain a rally. Ethereum is not out of date, and due to the current bear market, there is still a reason that the price of ethereum has not been able to increase again. In addition, the price of bitcoin has also not been able to rise higher, causing other coins, including ethereum to remain at a low price. I think ethereum took a bad hit from this situation. Ethereum loses a lot of value compared to Bitcoin. How long this situation will continue is very important. Or is ethereum going out of date?
I think after the Merge and this significant loss BTC and ETH will show the same price correlation, just like before these "Merge" news.
The Merge has finally happened, but ETH price was dropped by 7.6% for the last 24 hours. "Buy the rumor, sell the news" - this is the gold rule.
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
Some miners selling claiming their ROI and maybe small investors too. It causes panic because there's no assurance where it will go. It's a normal reaction after a big change.About you thinking of selling, it depends on what you are expecting next. Others are just on watch but will certainly move once they see a sudden dump.
I suggest just doing the same. Because we are all in the big question of what direction this will go.
A new system has been started, known as proof-of-stake or a new concept which states that one can mine or validate transactions according to the number of coins held. I hope this will make it easier for everyone holding Ethereum even if the price goes down because this is just the beginning of this merger happening and transaction fees are cheap and I'm sure by the end of this Ethereum merger all dead projects will come back to life to continue their launch using this Ethereum Merge.
I'm not sure if this is the result of panic selling or the merge itself...
It was to see a huge decline after a few hours from the said merge. I actually can't imagine seeing this but I have to accept the mental impact of this thing making people too worried and dump their Ethereum to protect from losing. The FUDs are quietly winning this time, the bad influence makes a terrible drop in its price.
It was to see a huge decline after a few hours from the said merge. I actually can't imagine seeing this but I have to accept the mental impact of this thing making people too worried and dump their Ethereum to protect from losing. The FUDs are quietly winning this time, the bad influence makes a terrible drop in its price.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
As of today, the Ethereum merger has been completed, bringing the second-largest blockchain into a new era. In our crypto experts' opinion, the merger should have put ETH at the top, but it's just trending downward now, but that's not a big deal since it's only been 24 hours. There is no patience among people since those who dump do not deserve rewards for holding. At a discount, I'll buy their ETH.
According to the original plan that the merge process will occur on September 15th and now it's September 16th, but I don't see anything different, do you need the next step or process? I also follow the twitter of mr. Vitalik but they didn't give any announcement.
A good thing happened to Ethereum.
The bad thing is that Bitcoin spoiled the excitement of Ethereum and pulled it alongside other coins downwards.
Bitcoin back to ~$19,000 again and Ethereum? I still remember a thread that I replied here sharing a strategy where he will buy Ethereum after the Merge and sell it afterwards. I just hope that he didn't go all in on it because he is at a loss right now.
TBH, many are excited about merging, but I don't see any effects on it on the price even before it happens. I mean we are in a bear market and things aren't going well. Bear market is the perfect time for the projects to develop because markets will either be down or stagnant. Overall, Ethereum is still a good long-term coin, and I will continue to hold it as well as Bitcoin.
I just hope that GPU prices will go down after this so that I can buy GPU for my computer
.
The bad thing is that Bitcoin spoiled the excitement of Ethereum and pulled it alongside other coins downwards.
Bitcoin back to ~$19,000 again and Ethereum? I still remember a thread that I replied here sharing a strategy where he will buy Ethereum after the Merge and sell it afterwards. I just hope that he didn't go all in on it because he is at a loss right now.
TBH, many are excited about merging, but I don't see any effects on it on the price even before it happens. I mean we are in a bear market and things aren't going well. Bear market is the perfect time for the projects to develop because markets will either be down or stagnant. Overall, Ethereum is still a good long-term coin, and I will continue to hold it as well as Bitcoin.
I just hope that GPU prices will go down after this so that I can buy GPU for my computer
. 
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
Why did the price of ETH drop after the merger, maybe because of the simultaneous sell-off by investors in the market that caused the price of the coin to drop, nowadays if we see many investors playing a scenario when there are positive rumors about a certain project and they will do "buy rumors, sell news" like what happened to the current ethereum project where before the merger event was carried out the price of ETH had experienced a price increase to the level of $1.7k, but after the merger event was completed, the ethereum coin is currently trading at a price of $1.4k and it is likely that this decline will continue.Now the price of Ethereum is starting to drop drastically, even the price of Ethereum has dropped 9% in 24 hours. I see a lot of people are starting
to panic now. I was lucky to have sold the Ethereum I owned partially before, so I can buy Ethereum again if the Ethereum price has fallen deep
enough. Why do I only sell Ethereum that I own only partially, that's because I honestly don't believe the price of Ethereum will drop drastically
due to the ETH merge already happening.
Although the price of ETH continues to decline, I still believe the price of ETH will not fall below the price of $ 1000. In fact I predict
the possibility of Ethereum will only go down to the price of $ 1200. Then slowly Ethereum will start rising again. My advice is never to sell Ethereum
at a low price, if we are late selling Ethereum, we just hold on to the Ethereum that we have until the price goes up again. Because Ethereum
has proven to be very good for long-term investments.
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
Why did the price of ETH drop after the merger, maybe because of the simultaneous sell-off by investors in the market that caused the price of the coin to drop, nowadays if we see many investors playing a scenario when there are positive rumors about a certain project and they will do "buy rumors, sell news" like what happened to the current ethereum project where before the merger event was carried out the price of ETH had experienced a price increase to the level of $1.7k, but after the merger event was completed, the ethereum coin is currently trading at a price of $1.4k and it is likely that this decline will continue.
I think if the desired price increase will not be instant, everything will be processed. The market will see its development for some time, but in the long term this is a big leap and will have very bright prospects
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I feel sorry for all GPU miners around the world, this is the moment that the GPU price will definitely drop too, Anyway I can't see any good impact of this merging, and the price of ETH dop a little bit, I think in this merging many eth base token will follow eth steps, and this was a total chaos to the miner community.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
Yeah it really seems like that whole merge was working as intended and no major hickups have happened. Therefore i am pretty surprised that the price of ETH went down more than 100$ today. The old saying buy the rumor sell the news is also not correct here because the news that the merge would happen this september already made the price pump to almost 2000$ per ETH. a few weeks back. So i don't really understand why ETH is dumping now, when everything worked so smoothly. I think we should not underestimate the number of unhappy miners that may be selling off their ETH now after the merge. Who knows.
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term take now is the price right
You didn't learn about this merge event so it let you down. No one said at the beginning that ethereum's gas fee will decrease with Pos upgrade, that's just a misinterpretation of many people. The merger is just the first country making Ethereum more mature, gas fees as well as expansion will improve in the future as other updates come. Everything will be fixed but not now.
As it's very difficult to predict whether ethereum will be dumped or rise from here, buying ethereum right now is not recommended. Things are still not clear, currently it can be seen that the price is trending down but very slowly.
up to the investor if he will buy this time or not. though we haven't seen the rise of eth's price during this event, it doesn't mean it won't rise in the coming months. maybe it is affected also by the bitcoin's price. remember, most alts are just following the btc performance in the market. also, regarding the gas fee - it is right that most people are expecting that it will go down once the merger happened, but it is not.
but look at the gas tracker now, and it is really low as compared to the last time i checked it -
Seems just 2 addresses hold 46% of the PoS nodes https://finbold.com/only-2-addresses-control-46-of-all-ethereums-pos-nodes-for-processing-transactions-post-merge/
These 2 already mined 293 blocks since the merge
So much for the decentralized part
These 2 already mined 293 blocks since the merge
a trustless, decentralized database enjoying security enforced by the austere relentlessness of cryptography and a robust transaction system capable of sending value across the world without intermediaries.
So much for the decentralized part
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term take now is the price right
You didn't learn about this merge event so it let you down. No one said at the beginning that ethereum's gas fee will decrease with Pos upgrade, that's just a misinterpretation of many people. The merger is just the first country making Ethereum more mature, gas fees as well as expansion will improve in the future as other updates come. Everything will be fixed but not now.
As it's very difficult to predict whether ethereum will be dumped or rise from here, buying ethereum right now is not recommended. Things are still not clear, currently it can be seen that the price is trending down but very slowly.
...I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly...
Once again, we saw how the "Buy the Rumour, Sell the News" trading strategy worked flawlessly. As soon as the date of the Ethereum merger was officially announced, we saw an increase in ETH to $2000 and, accordingly, when the merger took place, we see a decrease in price.
Well I am glad the merger happening is now behind us, to be honest it was very well talked about and also caused some FUD and FOMO. But amidst all the hype, News and Rumors. I still felt if the merger would have any impact it won't be sudden and so far there has not been any tangible effect on the market yet, but as times goes by we would witness some, my expected impact are.
#Increase in the usage of Ethereum network
# influx of Ethereum based tokens
# Fluctuation in Ethereum price but I don't see a positive effect in the price yet.
This merge is also capable of affecting price of many other Altcoins as a result of FUD and FOMO.
#Increase in the usage of Ethereum network
# influx of Ethereum based tokens
# Fluctuation in Ethereum price but I don't see a positive effect in the price yet.
This merge is also capable of affecting price of many other Altcoins as a result of FUD and FOMO.
Pretty cool seeing a deflationary coin. I wish I hadn't been so dismissive of Ethereum early on, but I had blinders on. It really is a marvel and I don't think it's going anywhere anytime soon. In fact, now that it's deflationary and can be staked at a high %, it's basically a fund manager's wet dream. All that ETH holders need now is time and it's likely that the per coin price will surpass Bitcoin's someday. Sure, it may take 100+ years and we'll all be dead, but I have no doubt that if the supply keeps lowering, Ethereum will be Wall Street's darling in the 22nd century.
The most Awaited event finally Happened and world no 2 coin Ethereum now became Proof of stake. It was risk for Ethereum to down more than 20% because of huge sell in proof of work but everything is fine now and Ethereum price not dumped much. Now next step for Vitalik to do some big for fee because transaction fee is same like before. Transaction speed is now ok but fee is biggest issue for Ethereum for some years
I don't see a massive selling happening right now but I think miner GPU's will be over flowing in the market in the next few weeks once miners realize that mining is not much profitable. Don't get me wrong, There are still minable tokens but those aren't profitable as much as ETH so maybe other miners are trying to keep their GPU for as long as they can. Though I've seen used mining GPU selling in the market right now at a low cost and I think it can go lower once miners released their GPU's. ...I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly...
Once again, we saw how the "Buy the Rumour, Sell the News" trading strategy worked flawlessly. As soon as the date of the Ethereum merger was officially announced, we saw an increase in ETH to $2000 and, accordingly, when the merger took place, we see a decrease in price.
The most Awaited event finally Happened and world no 2 coin Ethereum now became Proof of stake. It was risk for Ethereum to down more than 20% because of huge sell in proof of work but everything is fine now and Ethereum price not dumped much. Now next step for Vitalik to do some big for fee because transaction fee is same like before. Transaction speed is now ok but fee is biggest issue for Ethereum for some years
Do we get any free fork coin as we got BCH when bitcoin was forked?
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
It's common that people to sell their holding after the event or maybe its the whale manipulation to bring the price down and forcing people to sell in panic. Just wait for a day a two and let the exchanges/whales do their drama to exploit the situation. Once this is over, i can see new all time highs for Ethereum.
Can someone please explain to me why did the merge cause the price to go down? I am not saying that people shouldn't sell or anything, I just do not understand the logic behind it and makes me feel like there is a good chance we just end up holding a little while longer and make a quick profit if its just about peoples perseption of it. There doesn't seem like any good valid reasons to sell right now to me, but maybe I am missing something, if people explained to me what seems to be the main reason why they are selling, then maybe I would understand and I would sell too, but couldn't figure out myself.
There will be no new hardfork coin but those miners are creating collution to launch their own ethereum called ETHPOW. This coin is likely to be another scam created by miners. Miners are greedy and people shall not buy that. ETHW was just another shitty fork coin created by greedy miners like BCH, BTG and many more. The fork coin is a way for miners to keep getting more and more money through dumping their scam coin to the stupid people who are still buying it for now. Ethereum miners are scammers.
I will never buy ETHW
I will never buy ETHW
The most Awaited event finally Happened and world no 2 coin Ethereum now became Proof of stake. It was risk for Ethereum to down more than 20% because of huge sell in proof of work but everything is fine now and Ethereum price not dumped much. Now next step for Vitalik to do some big for fee because transaction fee is same like before. Transaction speed is now ok but fee is biggest issue for Ethereum for some years
I think there many things that are happening in the background. Like miners might be holding on their ETH to check whether the prices are going up or down! They might be waiting for the soft point to sell off. May be this will be triggering point for the heavy dump of the ETH. That could be one of the reason for slow selling of ETH and in addition to this we have not considered investors to miners ratio and I presume investors are more in number than miners thus it gives more odds of “hodling” eth rather than selling it. This could be balancing out the whole scenario.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
There is. Cause I saw an announcement made by FTX that they are gonna support the trading of ethw/usd and currently been trading now. I saw it a while ago after the eth merge and the value is at 24$ per coin but dont know now. Ethereum 2.0 is probably adjusting cause there are none dapp yet and probably some bugs were gonna see on the network like the 1st nft mitned for 36eth gas what an insane fee which probably an error or dont know. I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term take now is the price right
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
Okay so I have seen posts that because of the merge, ETH will become even more deflationary as it transitions from PoW to PoS. This is going to be a very interesting crypto to watch for the upcoming few weeks to months after the successful merge.
It's just sad that my almost 2 ETH is gone thanks to those hackers way back April 2022. However, my sister still holds a little bit of ETH so she would really benefit in the long term if continuing to hold.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
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