So the ETH merge has finally happened

[indianCrypto]

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 ?

[CryptoboyRamesh]

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.

[Review_Master2]

Okay so I have seen posts that because of the merge, ETH will become even more deflationary as it transitions from PoW to PoS. This is going to be a very interesting crypto to watch for the upcoming few weeks to months after the successful merge.

It's just sad that my almost 2 ETH is gone thanks to those hackers way back April 2022. However, my sister still holds a little bit of ETH so she would really benefit in the long term if continuing to hold.

[Etrilicious]

It is more difficult to persuade Bitcoiners that such a change would be worthwhile because the two cryptocurrencies serve quite different purposes. The majority of decentralized-finance applications employ Ethereum as their basic layer because of its capacity to execute smart contracts, according to Laboure. In contrast, Bitcoin is frequently promoted as a substitute for gold as a store of value. It's a huge victory that NFTs made on Ethereum are now much less harmful to the environment, but if nobody is actually making anything on Bitcoin, why rush it? Regulators are already becoming concerned about the possibility that staked Ether could replace an interest-bearing instrument. Therefore, I believe both Eth and Btc will keep doing their thing, can’t really say where ETH is heading