Prices are still heading downwards \o/
We seem to be at a point where the supply chain has to reconcile itself with these new prices and where they have to shift focus to the lower end cards.
Basically, the entire supply chain upped their prices to take advantage, so the shops pay high prices to the board partners, who pay high prices to Nvidia/AMD. Shops can't structurally go below the prices they buy the cards for. With cards now piling up at the shops, they are putting pressure on the board partners to lower the prices, who in turn put pressure on Nvidia. Asus seems to have taken the lead in reducing the prices. Other board partners will now have to respond.
An issue here is that many shops have supply that they bought at higher prices and they are reluctant to sell these at a loss. So they often want to keep the prices too high for the actual market situation, until they have sold their expensively bought in cards. Yet by keeping the prices high, they suppress demand, so it takes longer for their old stock to sell. However, some sellers with little stock are able to pass on those lower prices quickly. That's what I'm seeing right now, with some shops asking very high prices still and then others having much better prices, but selling their stock fairly quickly.
Nvidia seems to be mostly producing 3070's and up, with very low supply of 3060 and 3050's, which keeps the prices of those cards relatively high. So Nvidia will also need to start producing more lower end cards, which will take a while.
Anyway, very good news is that the Ethereum people seem to have created enough diversity with the validation clients that are used to not have to hold up the merge over this. So there are no apparent barriers for Proof of Stake in June (but they still have to do more work and issues may arise).