Hello crypto enthusiasts! 🌟
🔹 Ether (ETH) has not exceeded $4,000 since March 14. What's going on? 🤔
🔹 The approval of the Ether spot ETF by the SEC in May was not enough to maintain the bullish momentum.
🔹 The total crypto market capitalization is 16.5% lower than its 2024 peak.
🔹 Ether problems:
- Price against BTC has fallen 10% in two months.
- Net outflows of $406M from spot ETFs in the US.
- TVL stuck at 17.8M ETH.
🔹 To recover the $4,000, more institutional interest and improvements in scalability are needed.
What do you think? Leave us your comments! 💬