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
-
Spot Bitcoin ETFs Add $105M as Ether ETFs Pull in $43M on Busy Trading Day
U.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether... -
Bitcoin Price (BTC) Rose 1.9% While Ether Price (ETH) Gained 2.0%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak
Spot Bitcoin ETFs in the U.S. marked their fifth straight day of net inflows, with spot...