{"id":65236,"date":"2022-08-02T16:28:11","date_gmt":"2022-08-02T13:28:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65236"},"modified":"2025-09-06T18:51:21","modified_gmt":"2025-09-06T15:51:21","slug":"expert-predicts-ethereum-price-consolidation-ahead-of-the-merge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/expert-predicts-ethereum-price-consolidation-ahead-of-the-merge\/","title":{"rendered":"Expert predicts Ethereum price consolidation ahead of The Merge"},"content":{"rendered":"<p>The Ethereum price could have moved into a consolidation phase after a sharp July rally as investors awaited the migration to the Proof-of-Stake consensus algorithm<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\"> <\/a>Proof-of-Stake. This was stated by Markus Tilin of the IDEG asset management firm, Cointelegraph reports.<\/p>\n<p>According to the expert, the growth prospects of the second-largest cryptocurrency have grown less optimistic compared with six weeks ago.<\/p>\n<p>As justification, the expert cited a contraction in liquidity <span data-descr=\"US Federal Reserve\" class=\"old_tooltip\">\u0424\u0420\u0421<\/span> as part of the so-called \u201c<a href=\"https:\/\/en.wikipedia.org\/wiki\/Quantitative_tightening\">quantitative tightening<\/a>\u201d and Ethereum\u2019s price hitting resistance at $1800.<\/p>\n<p>The IDEG representative also noted a 47% drop in miners\u2019 revenue in July, a decline in <span data-descr=\"Total Value Locked\" class=\"old_tooltip\">TVL<\/span> in DeFi protocols and a contraction in the market capitalization of USDC by $1.1 billion last week. The Ethereum price rebound is not underpinned by improved fundamentals, Tilin stressed.<\/p>\n<p>The expert forecast that the current consolidation phase would persist until The Merge, whose activation is expected on <a href=\"https:\/\/forklog.news\/razrabotchiki-ethereum-soglasovali-grafik-perehoda-na-pos-kriptovalyuta-vyrosla-na-12\/\">September 19<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIn an ideal scenario, a drop by the end of August would have prepared us for another strong move back to the initial level,\u201d<\/em> \u2014 the specialist said.<\/p>\n<\/blockquote>\n<p>According to Tilin, going forward, Ethereum\u2019s price dynamics will depend on the pace of adoption of the second-largest cryptocurrency.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhile gas fees may remain the same, the adoption curve may initially grow not as fast as many expect. This will lead to a modest re-rating if measured in terms of net cash flow,\u201d<\/em> \u2014 he explained.<\/p>\n<\/blockquote>\n<p>Earlier, Glassnode questioned the continuation of Ethereum\u2019s recovery rally, pointing to inconclusive on-chain indicators.<\/p>\n<p>Earlier, Coinbase opened the possibility of staking Ethereum for institutional clients.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price could move into a consolidation phase after a sharp July rally as investors awaited the migration to the Proof-of-Stake consensus algorithm. Markus Tilin of the IDEG asset management firm said this, Cointelegraph reports.<\/p>\n","protected":false},"author":1,"featured_media":65237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1138],"class_list":["post-65236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65236"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65236\/revisions"}],"predecessor-version":[{"id":65238,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65236\/revisions\/65238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65237"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}