Macro vs Merge

Undoubtedly if the economy was better, world wide, the Crypto market would be better. My question, what is gonna win out in this bear market regarding the Merge? Marco or the Merge. Without the current macro environment, the token price of Eth would, Undoubtedly be rocketing. Buy the rumor, sell the news. It's the macro that's holding it back. But do you think that this unprecedented Crypto event, The Merge, will transcend the current macro environment and say, FU macro, and moon? Or will this economy win and keep the price of Eth subdued?