Ethereum

is in trouble

Why?

A comprehensive interpretation of five factors

Why is ETH so sluggish?

1: After the Ethereum ETF was approved,

Grayscale’s early selling pressure was too great,

other institutions could not take it up, and it took a long time to digest it and it was indigestible.

2: The chain is not good, the gas is not high,

from deflation to inflation, plus other coins grabbing the market,

the business model is questioned.

3: The main force is selling, and the Ethereum fund is only cashing out,

making people doubt that it has no original intention.

4: ETH cannot keep up with the market, and there is no bottom line when it falls,

everyone thinks it is better to buy BTC, SOL, and BNB.