Ethereum Hits 18-Month Low as Worries About Inflation and the Merge Grow (Updated)

Update 6/13/2022 05:35 PT:

The valuation of Ethereum has continued to drop over the weekend. When we wrote about the 15-month lows being hit, we would never have predicted a drop to 18-month lows by Monday. At the time of writing 1ETH is worth just $1,239. This represents a near 15% drop in value over the last 24 hours. We’ve updated the original story to reflect the updated news.