Ethereum drops more than 17% after ‘way over-hyped’ Merge

Four days ago, just a few minutes before 3 am ET, a long-anticipated upgrade to Ethereum was executed. Since then, the second most valuable blockchain’s cryptocurrency, ETH, has tumbled — and some are saying its price hasn’t bottomed out yet.
When the upgrade, generally referred to as “the Merge,” transpired, ETH was priced at about $1,600. At the time of publication, ETH is worth about $1,327 down just over 17% from the landmark system change.


“The FOMO and speculation around the Merge are done, and it’s back to business as usual for most in the space.

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