Why Ethereum is Dropping After the Merge? - page 2.

Xal0lex

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

What is the connection between blockchain problem solving and price? The network has become more centralized, transaction processing speeds have been improved, scalability problems have been solved, all of which are good for blockchain. The price is falling because the demand to use blockchain is not growing, the capitalization of the coin is falling. ETH, like the rest of the market, is depressed, and one blockchain update is not enough to revive the market. In cryptocurrency, technology is not always the determining factor for coin growth.

piebeyb

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

it seems the title of this thread is the most discussed in this forum, but I am happy to answer every question that comes, why the price of ETH is dropping is that we are in a bear market and inflation is everywhere, war is coupled with rising interest rates, but most often people answer is that the trend for news merge is over and they are selling the results of the news that has been announced everywhere about the merge, but you don't have to worry you can buy it now under $1300 that is a very cheap price for ETH

RussianEnglishTranslation

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

No, the merge was not supposed to fix Ethereum's problems and that misunderstanding is exactly why the price is tanking. The merge just means that Ethereum went from POW to POS. It did not increase TPS or increase decentralization or security. It did not enable sharding. Heck, they didn't even enable people to withdraw their staked Ethereum. Right now, it looks like the best way to scale Ethereum is by wrapping it and pegging it like WBTC on Ethereum on another chain like Flare Network or by doing what the Internet Computer is doing, allowing ICP contracts to interact directly with Ethereum without bridges.

Natalim

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

These are some market considerations why see the dump despite the expected surge after the merge
1, Market condition - this is a big factor influencing its price and the entire market is suffering from the dumps
2, Panic selling - FUDs are dragging some people to think negatively

It is a little bit bothering seeing the outcome of the merge of Ethereum but we can't just change the market view nor we can influence all investors to keep hold because many individuals are still selling.

bounceback

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

The main factor that causes Ethereum to continue to decline in price in my opinion is because we are currently in a bear market condition, so it is very natural for the coin price to continue to fall even though the merger has been completed and so far if we see that the merger event has not had a positive impact on the movement ETH coin price. Apart from the bear market there may also be several other factors that led to the decline after the merger and may also be caused by investors selling in bulk.

tomahawk9

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Literally a "Buy the rumour, Sell the news" kind of situation. Simple as that. There's been some upward movement in the price in the last 12h, but if price action in the last month is anything to go by, this is just regular volatility. IMO, price will consolidate around 1.4k for a while before testing 1.5k again. I've been in this market for so long that I start to recognize a lot of patterns Roll Eyes

tvplus006

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

The fact is that it was the problems associated with the commission and the increase in bandwidth that the Ethereum merger did not solve. The Ethereum merger is currently only the first step on the path of new updates that will solve existing problems in the network. This is one of the reasons that the value of ETH is declining and plus we are now in a bear market, when the price of not only ETH, but also other coins is declining.

blue_hurricanger

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Why was something dropping its price after the hype is over? It was easy to see why ETH became like that once they lost their biggest rally point for years of traders and holders spectacular around The Merge. You haven't seen how much ETH drove the price of the GPU market to the point even a subpar, outdated video card sold like 2x to 3x of its MSPR years ago. Only when you see that, you'll realize how much overhype ETH has gone. Once the PoW ended, no more spectacular around GPU or hash power, completely depending on people's beliefs and demand ETH. In a time of the world's economy slowly falling into a recession? Yup, ETH has no chance.

Tony116

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You need to know that the market is still being manipulated by the sharks, when people are buying ethereum expecting a big pump, the sharks will find a way to turn the tide. With such big and important events, we should not be too Fomo but be more cautious because there will definitely be sharks involved. I don't believe it's because we're in a bear market where ethereum can't rise, but because the sharks are trying to manipulate the crowd. Like XRP although there is no final result on the lawsuit with SEC but XRP price has increased more than 60% and people started buying because Fomo thinks XRP will increase even more, the scenario is very similar to the previous ETH, surely XRP will be dumped like ETH after the final outcome of the lawsuit.

danherbias07

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What are you expecting? They did buy before it happened that's why a bull came a year ago. Now, they are waiting, holding, also expecting just like you but they are not buying anymore. It may be the other way around if they got tired of the long wait, they will sell.
Without demand, there won't be an increase, and with inflation and economic crisis, they won't risk their savings for investment, yet.
Food and living are the priority for now, there's no buying power from retail investors.

KaliLinux

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

This is the bear season and even a piece of news like the Ethereum network marge couldn't have made a serious impact after it happened because the crypto community already knew this was coming and if there was going to be a price action upward I believe it would have been before the actual date but because investors were also thinking if it was going to be a positive thing or not, there was hesitation in investment, however, I think the effect might be a boost for ETH if investors see how the network performs going forward.

ethereumhunter

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

I think it's normal that the price of Ethereum is still in a low position because market conditions are also in the same position. You should not be confused by this problem because if market conditions can reverse this year or next year, there is a possibility that the price of Ethereum will reverse direction too. Moreover, Ethereum is currently still leading in the second position in CMC and Coingecko so Ethereum still has the potential to increase further in the future.

This Ethereum merger is also not the end of Ethereum's journey and that's why the team is still doing a great job ensuring everything goes as planned. So it's better to wait patiently and make sure you buy Ethereum at a low price.

crwth

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I believe it has something to do with global inflation and the current recession that we have now. It's just that many people are cashing out their investments and using them to live because of the increase in prices of goods and necessities. More problems are going around, and those problems solved in the network haven't been in full effect regarding the application. Maybe as time goes by, it will bear fruit and increase the value of ETH.

adaseb

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Its dropping because it was mostly a "buy the rumor, sell the news" type of event. There was alot of hype and basically the whales sold as soon as the merge hit. But its not the only reason.

The main reason is we are in a bear market and everything is going down. Hence many cryptos are going down on bad news. Its like this every cycle and nothing you can do. There are other issues now such as all this global market mess with inflation and bonds.

teramit

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people over reacts every development, price swells then news come to end so the hill. as a similar to btc story continues with a fall , everybody thinks it is going to rise tht moment is for fall. I always evaluate altcoins by their btc parity but even eth/btc is falling. thats a correction , eth is not a shit coin it will rise again but if people over reacts again similar graphs will welcome us.

Scripture

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

Some problem already fixed, but it’s not the reason why the price continues to drop, have you seen the whole
Market?
ETH is still dependent with Bitcoin which currently dealing with the bear market and altcoins are not safe from this as well. The update was good, it can help ETH to become more efficient in the future so if you are holding ETH right now, better to accumulate more and hold until bull market, new ATH will surely be hit on the next bull run.

jossiel

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

It should have fixed its problems but set aside that its problems are not its price and both are different things.

As it tanks right now, you can see that we're in a bear market and that confirms the slow motion of Ethereum on its price increase. That validates the idea that during the bear market.

Whether there's a very good news for the top projects, that won't do because it's the bear that's dominating at this time.

JeromeTash

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Quote from: teddybear on October 16, 2022, 08:33:21 AM

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

I think you don't know how the market works.

Demand and supply dictate the price, not the merge or token swap bullshit. People bought ETH right before the merge because the wanted to get that airdrop of ETHW. Obviously after the snapshot or merge they started selling, thus the price tanking, but It hasn't tanked that much. I wonder what you would have to say if ETH price went below $500

malcovi2

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I think people weren't expecting a increase of price during in this market condition though and also the merge won't instantly fix the problems because there are still stages/phases to be followed
It will take years before Ethereum will resolve the past issues and we won't know if there will be othere issues going to be encounter in the future.

here is the tweet how ethereum is going to be developed:

https://twitter.com/milesdeutscher/status/1550315295402668032

teddybear

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If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh

Topic: Why Ethereum is Dropping After the Merge? - page 2. (Read 445 times)