Buy $GGsJP 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 platform CoinMarketCap.
Merge Yet To Price In For Ethereum
Meanwhile, JP Morgan analysts believe the crypto investors still have not priced in the upside from the Ethereum Merge. According to a CNBC report, the ETH price is yet to see the impact from the upgrade event. This is in line with Ethereum cofounder Vitalik Buterin’s prediction that it could take a while to price in after The Merge. He said long before the Merge that ETH would need the right situation to capitalize. Buterin said that investors should expect a 6-8 months waiting period before the actual price action.
In this context, the number of addresses holding Ethereum currently stand at a 10 month high. Whether this situation will lead to an ETH price rise remains to be seen in near future. At the current level, ETH is at its weekly low range. This is in comparison with the weekly high of $1,377.
Earlier on Tuesday, tech giant Google announced it would partner with Coinbase to allow Cloud user payments in crypto. Among the cryptocurrencies to be used for crypto payments would be Bitcoin, Ethereum and Dogecoin. This move could help Ethereum get further institutionalize.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- U.S.–Iran War: Monday Crypto Crash Odds Rise As Pundits Predict Oil Price Spike
- US-Iran War: Reports Confirm Bombings In UAE, Bahrain and Kuwait As Crypto Market Makes Recovery
- XRP Price Dips on US-Iran Conflict, But Capitulation Signals March Rebound
- Crypto Market at Risk as U.S.–Iran War Threatens Inflation With Oil Price Surge
- Polymarket U.S.–Iran Strike Bets Fuel Insider Trading Speculation as Crypto Traders Net $1.2M
- Circle (CRCL) Stock Price Prediction as Today is the CLARITY Act Deadline
- Analysts Predict Where XRP Price Could Close This Week – March 2026
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
