It's probably going to get ugly. The energy crisis this winter isn't going to help matters.

On the other hand, I don't think it will be long before the centralisation pressures of Ethereum's PoS become self-evident to even its most diehard proponents. Four entities control > 50% of validators and are free to censor at their discretion once the merge goes live (I find the UASF thing unconvincing).

The free market will eventually figure things out. Nobody really talks about blocksize increases for BTC following the demise of BCH, and I suspect it will be similar for Ethereum and PoS.

...but it will be a painful journey to reach that point. I'm not ruling out a temporary "flippening" to be honest. The hype is real, investors are naïve, Ethereum has lock-up tokenomics on its side, and Bitcoin is sitting at a cycle low.

Unless something catastrophically breaks in a few days, which again is a real possibility. :P