So the ETH merge has finally happened

[Ratnakar Das]

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 ?

[TomPluz]

All the excitement for the merge had already been priced into Ethereum hence we are not seeing a big pump for Ethereum...and we see is a small dump. I am not sure what can be the next thing for Ethereum...but am hoping that the market is going to walk back and be excited for its future prospect otherwise it will just continue to be following where Bitcoin is going...therefore not achieving the expected decoupling from other investment asset.

[herorameshdas]

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.

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.

[shuvenker999]

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.

[Hope4life]

After completion of ethereum merge, the price dropped below $1500 while lot people expect the price could go higher. But i think we will see positive reaction soon in the future and it'll attract more project into the ecosystem, this caused by ethereum merge offer fastest transaction, great security, and reducing ethereum energy consumption.

[naitik01]

Ethereum has been a successful merge which has gone towards merge from Proof of Work to Proof of Stake which is considered to be the successful achievement of the crypto world so far. This will limit the production of ethereum and boost the value of ethereum.

[Astra]

After completion of ethereum merge, the price dropped below $1500 while lot people expect the price could go higher. But i think we will see positive reaction soon in the future and it'll attract more project into the ecosystem, this caused by ethereum merge offer fastest transaction, great security, and reducing ethereum energy consumption.

Previously, it was predicted that the price of ethereum would fall in the first time, until everything was reconfigured to the new system and the problem with the miners was resolved. Therefore, I am not surprised by the current drop in the price of this coin. Moreover, the growth of scalability in the ethereum network is not expected to be as fast as previously planned. Although this process will accelerate significantly, scalability will grow for more than a year. But ethereum is still the most promising coin for price growth.

[Evgenklm]

of course, this is a landmark event, and on the one hand it is good for the new ETH network and not very good for miners with GPU cards, today we can already see a decrease in demand and prices for video cards...but that's another question.

[kirshna01]

The ethereum merge was a significant event for the cryptocurrency world that was successful, and led to the ethereum POS. Which will be helpful in increasing the value of Ethereum in future.

[MrSpasybo]

The Merge is just the beginning of updates to make Ethereum better in the blockchain market. Increasing speed, reducing transaction fees and maintaining user safety is what we can expect from the project. I expect Ethereum to complete those tasks in 2023 for an impressive bullrun in 2024.

[I-Bit]

I think that after its merge, the Ethereum will change much moreover will really give high positive impact to the price. BUt until now, the price is so so, still related to the previous price. This is only my expectation to meet the Ethereum price rising up because of this merge? I thin that this exactly difficult to reach

[Jaephoenix]

I think Ethereum would enjoy a little bit of mainstream adoption now that it has dumped Proof of Work. At least 99.99% of its energy waste has reduced. That has been the nidus of the beef the mainstream industry has with crypto: energy wasting. Now that is gradually reducing, also graphic processing unit prices are already dumping, and other machines would point their miners to other coins. I think Ethereum would be the better for it

[Fenix]

The ethereum merge was a significant event for the cryptocurrency world that was successful, and led to the ethereum POS. Which will be helpful in increasing the value of Ethereum in future.

Yes, the improvement of the ethereum network does not end with the merger and transition to the PoS algorithm. Much is yet to come, but a solid foundation has been laid. We, of course, expected a good price increase for this coin after the merger, but the current general situation in the cryptocurrency market is not conducive to this. But in ethereum, this is yet to come. So far, this is one of the most promising cryptocurrencies for growth.