Could ETH triple halving cause a MultipleX price rise and trigger a big bull run?

ETH Merge and the effect of triple halving

When ETH moves to POS it would reduce the inflation of ETH

It would be quite interesting to see how this plays out for ETH

halving is phenomenon observed with Bitcoin

Let us look at BTC halvings
First halving was around May 1 2013
Here the BTC block reward got reduced from 50 to 25 BTC

BTC price at the time of halving was less than $100 and it peaked at $1100 that year during the bull run
that was more than 10X of price movement

The second BTC halving saw the BTC reward per block going from 25 to 12.5
Not this led to price moving from less than $1000 to going up to 10000 that is again more than 10X

The third BTC halving was in may 2020 and a similar bull run followed.

ETH does not have a block reward reduction does not behave like BTC halving instead a software update causes the halving.

• The genesis of ETH saw a 5 ETH reward
• The reward got reduced from 5ETH - 3 ETH via EIP 649
• In 2019 the reward came down from 3 to 2 ETH via EIP- 1234

In general block halving is built into how bitcoin mechanism works.
BTC is a POW coin and by design after every few yers the bitcoin reward is halved.
It has been a event which so far has seen a positive impact on the price of BTC.

Could halving of supply as an event be a booster for ETH price ?

If eth follows the path taken by BTC in so many things then why not reduction in its supply.

ETH issuance set to reduce

The issuence of ETH is set to reduce from 4.93M per year to 119M per year.
In percentage terms this means a reduction from about 4.13 % to 0.49%
That looks at almost 89-90% reduction in eth supply.
Could this lead to ETH price to skyrocket ?
Well only time could tell however this trigger does point to that direction.
This almost 89-90 % reduction in ETH emission is being referred to as three halving or triple halving of ETH

With ETH going green

With less power consumption with the miners out of the picture those who are keen to support a eco friendly version of crypto and ETH may likely increase the ETH demand.
This should cause a price boost of eth.

ETH has also being experience a fee burn

For quite a while now since the London upgrade of ETH which got rolled out in 2021 we have seen a part of the the network fee being generated getting burnt out of circulation.
This should put a pressure on the supply of ETH and may further push the price up.

ETH staking

With ETH staking getting enabled large amounts of ETH would get locked into for a long time and this would further reduce the circulating ETH and any demand would push the price up.

Sentiments as much as use cases do play their part

Post a halving event we do see a bull run as this has been the case with bitcoin block reward leavings so would an event which is akin to halving of ETH supply and reduced fresh eth issuances by 90% become a reason for ETH price to go up?

Is there is a genuine case for a multiple X price rise of ETH and a super solid bull run ?