Why is ethereum dropping so much

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Ethereum price live updates on The Economic Times. Check out why Ethereum price is falling (09 Feb ) today. Get detailed Ethereum cryptocurrency price. Ethereum rose to $2, Thursday morning to a two-week high, but still down from its Jan. 12 high above $2, � its best level since May The merge was designed to have a long-term impact, not a short-term one. � Cryptocurrencies are heavily impacted by major market forces.

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Key Metrics M. Last week, as it became increasingly clear that the merge would be successful, many fans of Ethereum bought into the token based on the belief that the transition boded well for its long-term success. Tether 7,98, 9, 3 N. TIME Logo. But while the developers of the merge promised many changes�including a sharp decrease in energy consumption and increased security�a short-term price increase was not one of them.

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