Price prediction for Ethereum after the merge.

The merge of ETH and the tradition from Proof of Work to Proof of Stake is a significant milestone for the second largest cryptocurrency in the market. 

Two benefits of the merge are : 

First of all, Ethereum is getting more environmentally friendly because of the change in the consensus mechanism. There aren’t any more miners fighting against each other to secure the next block in the blockchain and get paid. Controversy the owners of ETH who stake ETH, depending on the amount they stake, are chosen to secure the new block on the Blockchain and get paid. 

The result is that there is now no wasted energy from the energy-hungry mining machines. That is good because in our days more and more people have become aware of the damage humanity is doing to the environment. 

Second, the majority of the specialist says that after the merge the transaction fees will be more stable and affordable for all. 

That's because the throughput of ETH will increase making it capable to handle more transactions per block by implementing L2 solutions. ( the merge has no effect on the number of transactions but it paves the way for implementing L2 solutions, that will increase the transactions and reduce the fees) 

All over the internet, in articles, videos, and posts you hear that after the merge, the price of ETH will boost and it will start a bull run that’s possible to make it the No 1 crypto in market capitalization. 

The way I see the market, is that we must wait with great patience for 1 to 2 years until the next Bull run starts. 

I know that the price of ETH has risen a 70% from the latest drop when its price was under $1000. A lot believe that’s a start for a new bull run where ETH will dominate the crypto market. 

But, and that is a big but, do you remember the phrase: Buy the rumors and sell the news? That’s what I believe is happening right now. 

Yes, the merge is a huge milestone but that alone is not enough to drive the price of ETH to the moon. 

The first lesson in economics is that the economy goes through stages that are repeated creating a cycle. Right now we are in the phase where the economy shrinks. We are in the bear phase of the cycle. 

Additionally, that is true not only for the crypto market but for the whole global economy. 

Stocks are overvalued the same is true for the real estate market. Add the fact that inflation is rising, it’s a matter of time before a great recession will occur. 

Then the price of all stocks and cryptocurrencies will see a major decline. Moreover, BTC is still the king of the crypto market driving the prices of all other cryptos. 

I foresee that BTC price will hit a low of $12,000 take or give $1000 before we can speak for a bottom. That means that the price of all other cryptos will drop and the majority of the investors will be in Fear mode. 

Because of the fear, no more money will flow into the market driving the price down. 

Eventually, Ethereum’s price will follow. Then will be the perfect time to invest, because with no doubt Ethereum is good crypto with huge potential future gains. 

I will wait until the bubble pop up (I mean a crash in the global economy) and the price is under $1000 to buy ETH. My forecast is that ETH can be traded as low as $400–500 in 2023. 

Be patient and I see you happy in the next Bull run.