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 .
That at this time the price of Ethereum is back down I'm not really worried,
we must also understand that during this bear market almost all coins are difficult to rise,
so it takes patience to wait for it to rise and better use this opportunity to buy
eth decrease is more significant than the other though, surely it was caused after the merge event actually gets held and instead holding it, majority of the ones that invested in eth instead making panic selling maybe because they know the event didn't have any significant effect towards the smart contract it self, even though it acts as the foundation for future updates.