No kidding. A lot of people are missing the point with Ethereum. The Merge was suppose to be done to improve the future of the technology, and was never meant to boost the price of Ether in the short term.
IMO, only swing traders and those who don't understand the technology care about the current price action. The value will come over time as improvements to the ecosystem continues (i.e. lowering gas fees, improving the speed of transactions, etc.). Sure, they are competing with other technologies like Solana, but Ethereum is winning the popularity contest and is better established.
One thing is for sure, this is not a one trick pony like Bitcoin, which only acts as a digital currency, but Ethereum also enjoys a solid backing.
GLTA!
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