Ethereum (ETH) continues to fall deeply despite the upgrade of The Merge
Despite preparing to implement The Merge upgrade, the world’s second-largest cryptocurrency Ethereum (ETH) suffers heavily from market volatility.
At noon on May 27, the ETH price continued to adjust to $1,712 – the lowest value level since July 2021 and is the new bottom of 2022. In the last 7 days, Ethereum has lost more than 15% of its value and is having a series of 8 consecutive red candles, which has never happened in the 7-year history of this coin’s existence.