Ethereum (ETH), the world's second-biggest cryptocurrency based on market volume, continued its freefall despite the “Merge”, a network upgrade. Its prices fell around 62 per cent from $3,769 a token early this year. The Ethereum community hoped its price might go up after the upgrade, but it tanked over 10 per cent, blamed on bad timing, as the US Consumer Price Index (CPI) dropped just two days before the merge, leading to broader crypto selloffs in the market.