With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.
![](https://rss.boorghani.com/wp-content/uploads/2022/09/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvNGU3MGIwNWEtYTYxNS00ODMxLTg0NDMtNTRkMTE1Y2MxNmFkLmpwZw-W67WsV.jpeg)
With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.