According to those 2 charts there is a clear correlation between price and Flux network hashrate. Now put into the equation the GPU miners transitioning to other POW coins after the Ethereum-merge
Ethereum Mining GPU Benchmark | TechSpot
Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia – Bitcoin News
GPU mining could eventually be profitable after Ethereum moves to proof of stake
Ethereum Mining Hashrate in 2020 – Еvery GPU tested / 5700XT/2080Ti/2070 etc. - YouTube
The Block: A look at the trends driving down GPU prices — and what this means for Ethereum miners
Ethereum Miners Can Now Use 70% Of Nvidia RTX 30 GPU Hashrate, Thanks To This NBMiner Update | Bitcoinist.com
GPU price to Ethereum price comparison graph : r/Amd
The Best Graphics Cards for Crypto-Mining in Early 2021! | Computer Lounge
Ethereum Mining On The NVIDIA Titan V Graphics Card - Legit Reviews
Ethereum Mining GPU Hashrate Performance Roundup
BTC hashrate ATH, the ETH Merge, and GPU mining being reshaped | f2pool
How to Optimize Your GPU for Ethereum Mining | Tom's Hardware
How to choose a GPU for mining
![Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware](https://hothardware.com/ContentImages/Article/2635/content/Ethereum-Mining-GPU-Benchmarks-With-RX-Vega.png "Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware")
Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware
Ethereum Mining GPU Hashrate Performance Roundup
Nvidia: Ethereum Merge Unleashes A Tsunami Of Used Graphics Cards (NASDAQ:NVDA) | Seeking Alpha
This chart shows how cryptocurrency mining on your own is no longer profitable
![Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware](https://hothardware.com/ContentImages/Article/2635/content/GPU_Power_0.png "Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware")
Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Updated] - Page 2 | HotHardware
The Best GPU For Ethereum Mining - NVIDIA and AMD Tested - Legit Reviews
Ethereum Mining GPU Benchmark | TechSpot
The end of Ethereum mining could be a bonanza for GPU shoppers | Ars Technica
