BitMEX’s former CEO says an unsuccessful ETH merge will cause a price crash. The Merge, expected in mid-September, will see Ethereum transition to a Proof-of-Stake. Ethereum has been gaining ahead of the merged platform. Former BitMEX CEO Arthur Hayes says Ethereum ETH/USD could crash if the anticipated merge flops. According to Hayes, the best time to short the cryptocurrency is on the cusp of the PoS shift. He expects Ethereum to revisit $1,000 if the Merge becomes unsuccessful. The Ex-BitMEX CEO recommends using put options to hedge against the bearish scenario. In the eventful scenario that the Merge becomes a success, Hayes says Ethereum could hit $5,000. He also expects the Fed’s monetary stance to have a major impact on the price. A bull case will be reinforced by a less aggressive move by the US central bank. Hayes says he will still not sell his ETH stake right into the Merge. The comments by Hayes come when Ethereum is claiming new highs. At press time, the toke...