Ethereum successfully completes the Merge: ETH price analysis

The Ethereum Merge is now completed, with the Ethereum network finally migrating to a proof of stake mechanism.ETH, the native token of the Ethereum blockchain, has been underperforming over the last 24 hours. The poor performance coincides with that of the broader cryptocurrency market.
The crypto market has lost less than 1% of its value in the last 24 hours, with the total market cap still below the $1 trillion mark. Bitcoin is down by more than 1% so far today and risks dropping below the $2