In general, today the market drop and ETH drop are around 7%, of course not because of the merge process that has been completed for almost a month but because of the bearish market, it is impossible for Eth to run alone while the market is dropping, all we do is only patient and buy again when the price is cheap .
I agree the ETH market is going down because the overall cryptocurrency market is going down however i believe that POS ETH should have the same valuation like the POW one because the cost of production is not that much and hence it is selling at a huge margin 
. I am expecting the price to go down further and i am not sure when they are planning to cap the number of coins in existence even though i heard these discussions earlier.