JP Morgan Says Real Impact Of Ethereum Merge Yet To Be Seen

Nearly a month after the successful completion of the Ethereum Merge, the impact is yet to price in. Immediately after the Merge was completed on September 15, the Ethereum price fell. It was actually hoped that the network upgrade could act as a catalyst to a bear market situation. Since then, the Ethereum (ETH) price largely maintained the path of a sideways curve.

After the Merge completion, ETH price dropped sharply by nearly 10% after which the negative momentum sustained. Following the drop, the price maintained the $1,400 level for a few days before dropping further. As of writing, ETH price stands at $1,295, down 0.50% in the last 24 hours, according to price tracking p