Pivotal Ethereum Merge Brings ‘Sell-The-Fact’ Price Move in Crypto Markets

Marc Arjoon, Research Associate at CoinShares also said the popular adage “buy the rumour, sell the news” has played out.“ETH peaked at $2,000 one month ago and has seen a sharp drop today once the Merge was deemed successful.  The market had priced in a successful Merge and so far this seems to have come to fruition,” he told CoinDesk in an email.“The level of asymmetric information around the Merge creates several pockets of narratives so I expect a lot of volatility. Investors should definitely be cautious, as always, and expect volatility in price and narrative.”