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 .
agreed with this one, the market isn't getting better meanwhile eth trying to breakthrough meaning it's going against the current and as a result it's instead losing its value almost immediately, I think as you said, it could go against the bearish, meaning eth isn't that strong.