Ethereum Price Pulls Back Below $2k, As Bitgert Price Remain Stable

The 'Ethereum Merge' is bringing the Ethereum Beacon Chain to life.

Key points:

• Ethereum price has taken a sharp decline to trade below $1800 today
• Bitgert price remains stable despite the crashing crypto markets

For almost two weeks now, Ethereum has pulled back and is now trading below $2k. Though the price has occasionally risen near 2k, the $1,724 is the lowest that Ethereum has gone. The market is bearish this morning, with the global market cap declining $3.36 in the past 24 hours at this writing. Ethereum is 4% down for the past 24 hours of this writing.

Ethereum is likely to drop further, as the selling pressure might continue growing if bears don't stop. But if the crypto markets continue crashing, Ethereum prices might drop below $1,500, which will be the lowest Ethereum price in the past 12 months.

However, the Ethereum price might start doing well in the next few months. A lot of Ethereum developments are going on and might soon start growing the Ethereum price. Important to note is the widely anticipated 'Ethereum Merge,' which is expected to grow the adoption of the Ethereum chain. The 'Ethereum Merge' is bringing the Ethereum Beacon Chain to life.

Ethereum 2.0 will finally combine with Ethereum 1.0 to form one humongous chain running on PoS protocol and with multichain features. This will address the issues of the high gas fee and the scaling problems on Ethereum.

As the Ethereum plummets, Bitgert (BRISE) has been among the cryptocurrencies posting impressive resistance to the bears. Bitgert price has remained stable. In fact, Bitgert is averaging a 1% drop, while the likes of Ethereum are 4% down for the past 24 hours. Therefore, the Bitgert price drop is far below the average global market drop.

Bitgert has managed a stable price because of its low selling pressure. Unlike Ethereum, Bitgert has not experienced selling pressure. In fact, Bitgert has been receiving new investors, including whales. This is why Bitgert price has also been bullish even during bear markets.

The mass adoption of the Bitgert products is another reason why Bitgert price is doing so well in the market. The zero gas fee Bitgert BRC20 blockchain is currently the most adopted chain. Bitgert BRC20 chain is also getting a lot of attention because of its 100k TPS, the fastest speed in the crypto industry. There are Bitgert products coming soon that will keep the Bitgert coin price bullish. Among them is Bitgert roadmap V2, which is a big deal.

Unlike Ethereum, Bitgert might continue to post impressive performance in the bear market. The massive Bitgert developments are also going to keep Bitgert price doing well. For Ethereum, the merge might be a big deal.