While the probability of the Merge failing is relatively low, ether’s price could drop after the upgrade for two reasons. Firstly, ether has gained nearly 55% in the two months leading up to the Merge in a classic “buy-the-rumor” type move. So some profit taking may be seen after the Merge. Further, ether may not immediately become a deflationary currency with depreciating supply after the Merge, disappointing those positioned for the supposedly-bullish effect to kick in right away.
Related posts
-
Bitcoin Spikes to a New Record High, While Ether and Solana Rally Ahead of FOMC
“Beyond … bitcoin pushing to a fresh record high, the market should perhaps be paying attention... -
Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin
Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a... -
Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing...