Why do you suppose ETH has fallen so far. so fast?

I just took a quick peek at the top 20 coins by market cap and over the last SEVEN days Ethereum has plummeted 32.03% as of this writing.

Only 2 other cryptos have fallen more, and barely:
CRO has dropped 32.99%, but I believe a large part of that is due to the rate change and unbonding periods ending and sell of out of spite.

AVAX has dropped 32.62%, I don't know about this coin so I won't even surmise a reason why.

Do you think ETH's fall has to deal with the merge or something else I am missin?
Just curious.

Thanks.