Sell off continues as Ethereum prepares for bridge.

bybit

Ether Friday and was recently changing hands at about $1,600+, about flat from the same time a day go. The second largest crypto by market value's price has plunged approximately 22% during the past few days. Other major currencies and commodities were mixed after many of them spent a good portion of the day in the green only too turn red today after @powells speech which caused a decline in the market price generally, although there are options on both Ethereum and Bitcoin which expired yesterday cause institutional traders to manipulate the markets too avoid liquidation calls.
Secondly the debate continued about the Ethereum Merge that will shift the blockchain platform's protocol from proof-of-work to faster, with more environmentally friendly proof-of-stake. Some observers believe the change will have little impact on crypto pricing, despite Ether's dramatic gains earlier this month and massive sell off this month which will give the market a balance.