Ethereum merged successfully and plummeted?

September 21, 2022 0 Comments

This is a landmark event in the entire history of cryptography. ETH deflated sharply, the network became greener, and stakers began to earn “real” gains.

After the merger closed, many people wondered if the potential benefits of the merger were already reflected in the price of ETH?

If we go back in history, we can see that there have been five major supply shocks for BTC and ETH in crypto history:

  • 3 Bitcoin Halvings (2012, 2016, 2020)
  • Ethereum Beacon Chain
  • EIP-1559

When these events occur, the potential impact of none of them is directly reflected in the price.

Clearly, the impact of the merger has not really acted as a catalyst.