NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Will “The Merge” Be A Buy The Rumor Sell The News Event For Ethereum?

Reynaldo Marquez
Reynaldo Marquez
Last Updated: August 11, 2022 8:35 pm
2 mins read
Ethereum price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum is coming into heavy resistance north of $1,900 as the cryptocurrency attempts to push further into previously lost territory. Today, ETH core developers announced a tentative date for the upcoming “Merge” event set for September 15 to 16, 2022, which could bolster bulls’ attempts to climb higher.

Related Reading: Bitcoin aSOPR Fails Retest Of Historical Bull-Bear Junction

At the time of writing, Ethereum’s (ETH) price trades at $1,888 with 3% profits in the last 24 hours and a 17% profit in the last week.

Ethereum ETH ETHUSDT
ETH’s price with important gains on the 4-hour chart. Source: ETHUSDT Tradingview

“The Merge” is the event that will complete Ethereum’s migration to a Proof-of-Stake (PoS) consensus. It’s one of the most highly anticipated events in the space due to its implications for the price of ETH, and one of the main reasons why the bullish momentum could extend in the coming months.

Analyst Michaël van de Poppe said the following on “The Merge”, its short-term implications for the crypto market, and why ETH’s price could continue to see bullish momentum:

Honestly, Ethereum is the actual asset that is carrying the markets, as some FOMO is starting to get some grip on the markets with the merge and ETH 2.0 coming up. Through that, expecting to see $ETH continue towards $2.5K and $BTC towards the $30K region in the coming month.

Some market participants are wondering if “The Merge” will operate as a “buy the rumor, sell the news” event. In other words, whether Ethereum will rally into September only to see a sharp decline after the hype around the event mitigates.

As NewsBTC reported earlier, the market is showing signs that could support this theory. In particular, the lack of accumulation from large investors, and Bitcoin lagging behind the rest of the crypto market.

Traders might be more confident about a potential sustainable price action if Bitcoin and Ethereum move in tandem with support from whales. In the meantime, uncertainty will remain king.

What Could Push Ethereum Higher Before “The Merge”

Former CEO at BitMEX Arthur Hayes shared a shift in dynamics for ETH futures contracts. The price of these investment instruments have been lagging the spot market.

Ethereum ETH ETHUSDT
Source: Arthur Hayes via Twitter
Related Reading: Market Sentiment Shoots Up As Bitcoin Eyes $25,000

Hayes speculated that this is happening because there are a lot of traders hedging their position before “The Merge”. If the event is successful, and institutions have taken a neutral long position on Ethereum with retails increasing their buying pressure, a chain of events could contribute to a more bullish continuation for the price of Ethereum:

(…) the pressure is on the buy side, and market makers are short futures and must go long spot. A reversal of their positioning pre-merge. This is a positive feedback loop that leads to higher spot prices should the merge go smoothly on Sept 15th. If you believe the merge is going to succeed, then this is yet another positive structural reason why $ETH could gap higher into the end of the year.

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Alerte Ethereum : une entreprise liquide presque 11 000 ETH, pression vendeuse en hausse.

Alerte Ethereum : une entreprise liquide presque 11 000 ETH

Une alerte rouge vient de s’allumer sur le narratif “Ethereum en trésorerie d’entreprise”. FG Nexus, l’une des principales Ethereum Treasury...

guillaumev 1 day ago
Bitcoin

Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash

Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index...

Scott Matherson 1 day ago
Ethereum Turns Lower

Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target?

Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines...

Scott Matherson 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Golden Pocket In Play – Can ETH Turn The Tide Above $2,800?

Godspower Owie 12 hours ago
Crypto

Crypto Funds Face Third Consecutive Weekly Losses, Totaling $3 Billion In Outflows

Ronaldo Marquez 1 day ago
Anti-CZ Whale Loses Big: $61M in Profit Wiped Out As Ethereum and XRP Longs Collapse

Anti-CZ Whale Loses Big: $61M in Profit Wiped Out As Ethereum and XRP Longs Collapse

Sebastian Villafuerte 1 day ago

Premium Sponsors

Press Releases

  • シバコイン 今後:新興ミーム銘柄の台頭でトレーダーの注目が再び集まる

    シバコイン...

    16 hours ago
  • パイネットワーク 価格:0.20ドルを維持しつつ欧州取引所上場への道が開かれる可能性

    パイネットワーク...

    16 hours ago
  • ドージコイン 今後:0.15ドル維持に苦戦、下落余地はどこまで広がるのか?

    ドージコイン...

    16 hours ago
  • リップル 今後:XRP ETFがNYSEで取引開始、ウォール街から巨額資金流入の見通し

    リップル 今後:XRP...

    17 hours ago
  • 仮想通貨おすすめ:有望なビットコイン系レイヤー2プロジェクトがプレセール急増で100倍期待

    ...

    17 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.