ETH The Ethereum Merge | What Could Possibly Go Wrong?

3 Sep 2022

Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.

MakerDAO (MKR) said that the Ethereum Merge could lead to perpetual contract backwardation and negative funding.
Backwardation and negative funding refer to a market situation where futures prices are lower than the expected spot prices.

The launch could trigger selling pressure across chains existing on proof-of-work.

Ethereum network’s security and performance could be negatively impacted by the upcoming upgrade.

If you haven`t sold ETH Ethereum here:

Then in my opinion the price target for it is $1160.

Looking forward to read your opinion about it.