Merge-related cryptocurrencies, including Ethereum (ETH), Ethereum Classic (ETC), and Lido Finance (Lido), have posted severe losses over the past 24 hours.
Ethereum dropped 8.82% over the past 24 hours and trades at around $1,515 after bouncing off from its support at $1,500 earlier today.
Ethereum is now down 68.95% from its all-time highs of $4,891.70 recorded in November 2021, per data from CoinMarketCap.
On a weekly note, ETH is down 4%, hitting a new weekly low after the months-long…
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