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As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon

ETH deposits to exchanges have yet to pull back, one observer noted. Investors began moving coins to exchanges ahead of last Thursday's Ethereum Merge.

By Omkar Godbole

Updated May 11, 2023, 6:59 p.m. Published Sep 19, 2022, 9:59 a.m.

Ether drops below !,300 as the Merge hype fades. (Source: CoinDesk, Highcharts.com)