Even though the long-anticipated Merge was successful, Ethereum followed the downtrend by shedding double-digits. It seems Mark Cuban’s prediction of being a sell-the-news event has come to fruition. ETH traded around $1,450 over the weekend, but in the past 12 hours, a lot of pain has gathered on the bulls as ETH slumped below $1,300 for the first time since mid-July. Due to this enhanced volatility, the total liquidations have skyrocketed to just under $400 million daily.