Why Ethereum is Dropping After the Merge

Last week was a celebratory one for Ethereum: the world’s second-largest blockchain successfully transitioned to Proof of Stake after a painstaking eight-year development process. (Read more here about the merge’s importance.) But on Monday, investors woke up to the token’s price at its lowest point since July. While Ethereum had climbed back to over $1700 in September, it’s now around $1330, amounting to more than a 20% drop.

If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Here are a few reasons for the current downturn.


Who thinks the Foolish response should be to keep your eye on the long-term (3-5 years or longer) ball…

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